The price of (Brent) rose in its last trading on the intraday levels, supported by its trading above EMA50, and under the dominance of the bullish trend and its trading alongside a supportive bias line for the trend, the last rise of the price came after offloading its clear overbought conditions on the (RSI), reinforcing the chances for the price recovery and attacking the next resistance levels.
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The price of (crude oil) began the recovery, recording a slight rise in its last intraday trading, after it managed to gain positive momentum and offloading its clear overbought conditions on the (RSI), opening the way for achieving more of the gains on a near-term basis.
This performance comes amid the stability of the price under the main bullish trend on the short-term basis, with the continuation of its trading alongside a bias line that represents a dynamic support that reinforces its positive stability.
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The price of (Silver) deepened its losses in its last trading intraday trading, affected by the dominance of the bearish correctional trend on the short-term basis, and its trading alongside a bias line that reinforces the negative track.
The pressure increases with the continuation of the emergence of the negative signals on the (RSI), despite reaching oversold levels, which indicates the possibility for an intraday rebound if the price begins gaining bullish momentum.
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The price of (Gold) declined on its last intraday trading, after retesting the key resistance at $3,310, putting it under the negative pressure due to the stability of the resistance, especially if it succeeded in offloading its oversold conditions on the (RSI), opening the way for recording more of the losses, amid its trading alongside a bearish trend line, with the continuation of the negative pressure that comes from its trading below EMA50, increasing the negative pressures around it.
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