Crude oil rose declined in its recent intraday trading, affected by the emergence of negative signals on relative strength indicators after reaching overbought levels, within corrective movement that targets gathering momentum and absorbing previous gains.
This decline comes amid the continuation of the dynamic support that is represented by the trading above EMA50, reinforcing the stability and dominance of the bullish corrective trend on the short-term basis, especially with its moves alongside supportive trend line, keeping the recovery and rise chances valid in the upcoming period.
Gold rose in its recent intraday trading, taking advantage of the key support stability at $4,350, gaining the bullish momentum that helped it achieve these cautious gains, especially with the negative pressure that comes from its trading below EMA50, which limits the chances of strong rebound on the near-term basis, amid the dominance of the bearish corrective wave.
Accompanied by the cautious rise with the emergence of negative signals from relative strength indicators, after offloading its oversold conditions, indicating the possibility of the bearish trend return, making any current gains considered as temporary correction before resuming the selling pressures on the yellow metal.
The (EURUSD) price kept declining in its last intraday trading, to confirm breaking main bullish trend line on the short-term basis, this negative overview was reinforced by surpassing EMA50 to the downside, which puts intensive negative pressure that indicates the dominance of the selling powers on the current trading.
Accompanied by the emergence of negative signals from the relative strength indicators, which supports the continuation of the bearish momentum in the current time, despite reaching oversold levels.
The (BTCUSD) price declined slightly in fluctuating trading on its last intraday levels, attempting to gather the gains of its early rises for today, attempting to gain bullish momentum to help it resume these gains in the upcoming period, taking advantage of the dynamic support that is represented by its trading above EMA50, with the emergence of the positive signals on the relative strength indicators.