Crude oil declined in its recent intraday trading, after testing a bearish trend on the short-term basis, putting the price under negative pressure that caused the rebound towards its support of its EMA50, which remains attempting to lean on it, to settle.

The price shows clear wean signs, with losing the positive momentum and it is not able to record new highs, accompanied by the emergence of negative overlapping signals on the (RSI), reinforcing the possibilities for continuing the decline.

Brent crude oil declined slightly in its recent intraday trading, leaning on the support of its EMA50, and stable above $65.00, supported by the emergence of the positive signals on the (RSI).

Despite these positive pressures, but the price still moving within tight sideways range, after it previously failed to breach the key resistance at $67.50, affected by a negative technical formation that formed on the short-term basis, (the rising wedge pattern), which reinforces the bearish trend scenario.

Gold declined in its recent intraday trading, after hitting the resistance of its EMA50 in the beginning of this week’s trading, accompanied by retesting minor bullish trend line on the short-term basis that was previously broken, to face negative pressure that forced it to rebound and lose its early gains.

This decline was supported by the process of offloading the clear oversold condition on the (RSI), which increased the negative pressures on the yellow metal moves.

silver price declined in its recent intraday trading, after its stability below $33.00, to break a bullish correctional trend line that was supporting its previous trading on the short- term basis, which increased the negative pressure to surpass the support of its EMA50.

This performance was supported by the negative signals from the (RSI), despite reaching deep oversold levels, which reinforces the chances for the continuation of the bearish trend.