Crude oil prices rose slightly in their recent intraday trading, attempting to recover part of their previous losses, supported by efforts to ease the clear oversold conditions reflected in the Relative Strength Index indicators, especially with the emergence of positive overlapping signals that may provide short-term bullish momentum.
However, the price remains under the dominance of a steep short-term bearish wave, with ongoing downward pressure reinforced by its stability below the EMA50. This intensifies negative pressure and limits recovery prospects in the near term.
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The (Gold) price rose in its last trading on the intraday levels, settled against the pressure of gathering the gains, despite the emergence of the negative signals on the relative strength indicators that affect the trading currently.
On the other hand, the price gets advantage of the continuation of the dynamic support that comes from its trading above EMA50, reinforcing the chances of its recovery and the continuation of recording new all-time highs, this track remains supported by the dominance on the main bullish trend on the short-term basis and its trading alongside supportive trend line.
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The (EURUSD) rose in its last intraday trading, taking advantage of the stability of 1.1690 support, which was our suggested target in our previous analysis. This rise was supported by the emergence of positive signals on the relative strength indicators, opening the way to recover yesterday’s losses.
The negative pressure remains dominant due to the continuation of the trading below EMA50, besides the dominance of the bearish corrective trend on the short-term basis and its trading alongside supportive trend line for this track, which limits the chances of recovery continuation on the near-term basis.
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The (BTCUSD) price witnessed fluctuated trading on its last intraday levels, after approaching the resistance at $120,000, which represents our suggested target, to begin a profit-taking process for its previous rises, attempting to gain bullish momentum that might help it to resume the strong rise, besides the attempt of offloading its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there.
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