Crude oil price settled in its recent intraday trading, in attempt to catch its breath and recover some of its previous losses, accompanied with its attempt to offload some of its clear oversold conditions on the (RSI), especially with the beginning of positive overlapping signals appearance, which supported the selling pressures temporarily.
This comes from trading within alongside the main bearish trend line on the short-term basis, besides the continuation of the negative pressure due to its trading below EMA50.
Gold price settled with slight decline in its recent intraday trading, amid the continuation of the negative pressure that comes from its trading below EMA50, which remains forming a strong technical barrier against the upside move, which decelerates the price and pushes the gold to decline temporarily in the recent period.
Despite this limited decline, the price is building a new support base, leaning on a monor bullish trend line on the short-term basis, reinforcing the recovery attempts, if the price remains stable above it. Besides the appearance of positive technical signals on the (RSI), especially after entering the oversold levels.
EURUSD declined in its recent intraday trading, after it failed to breach the key resistance at 1.1420, which pushed it to decline again within a tight sideways range trading that dominates the price movement on the short-term trading.
This decline came because of the continuation of the negative pressure due to the trading below EMA50, showing the weakness of the positive momentum currently, with the emergence of the negative signals on the (RSI), the stability of the price below the mentioned resistance confirms that there is a strong barrier against the upside attempts.
Bitcoin price (BTCUSD) rose in its last trading on the intraday levels, taking advantage of the main bullish domination on the short-term basis, and its trading alongside trend line, with the emergence of the positive signals on the (RSI).