The (crude oil) rose slightly in its last intraday trading, after it leaned on the support line of the main bullish trend line on the short-term basis, gaining some positive momentum and assisted it to achieve slight gains to recover some of yesterday’s losses, accompanied by the emergence of the positive signals on the (RSI), which began offloading the clear oversold condition.

Despite this temporary improvement, it’s difficult to consider it as a beginning for an actual recovery, amid the continuation of the negative pressure that comes from its trading below its EMA50, besides the dominance of the negative momentum on an intraday basis.

The (Gold) price extended its cautious gains in its last intraday trading, after reaching our target at the main support of $3,300 yesterday, this technical interaction with the support level assisted in creating a bullish momentum that pushed the price to achieve gains, accompanied by the emergence of the bullish signals on the (RSI), especially after reaching oversold levels.

This move comes amid the price attempt to offload its oversold condition and recover some of its previous losses, but it remains moving within a bearish correctional wave that dominates the overall trend on the short-term basis, and it trades alongside a bearish bias line, suggesting that the current recovery might remain limited unless it breaches strong technical resistance levels.

The (EURUSD) rose in its last intraday trading, taking advantage of its previous success in offloading its clear overbought condition on the (RSI), that begin showing positive overlapping signals that reinforce the chances for resuming the rise, these supportive technical signals represent a significant factor that support the pair’s move towards achieving gains.

Despite the recent fluctuation, the price remains stable above the critical resistance at 1.1600, as a signal for confirming breaching it technically, reinforcing the strength of the main bullish trend on the short-term basis, supported by its move alongside a positive bias line that indicates the dominant bullish momentum.

The (BTCUSD) rose in its last intraday trading, to confirm breaching the top of the minor bearish channel’s channel, which limited its previous trading on the short-term basis, and the last rise came after the price success of offloading some of its clear overbought conditions on the (RSI), supported by its continuous trading above its EMA50.