Crude oil prices is experiencing fluctuating moves during the latest intraday trading, amid gathering the gains of its previous rises, accompanied by the attempts of offloading the clear overbought conditions from the relative strength indicators, especially with the emergence of negative signals that indicates temporary calm for the momentum.
This comes amid the continuation of the dynamic support that comes from the trading above EMA50, besides the dominance of strong minor bullish wave on the short-term basis, providing a chance for regaining its bullish momentum, opening the way for resuming the gains in the upcoming period.
Gold surged strongly in its recent intraday trading, surpassing the historical resistance level at $4,550, which represents expected target in our previous analysis, recording new all-time high that indicates the dominant bullish momentum on the trading.
The bullish performance is reinforced by the continuation of the trading above EMA50, which supports the stability and dominance of the main bullish trend on the short-term basis, especially with the trading alongside supportive trend line, which keeps the chances of resuming the rise valid in the near period.
The (EURUSD) price surged higher in its last intraday trading, supported by the emergence of positive signals from the relative strength indicators after forming positive divergence that helped the price to achieve quick gains, to recover its previous losses.
This rebound comes amid limited corrective moves, amid the continuation of the bearish corrective trend on the short-term basis and the trading alongside supportive trend line, besides the trading below EMA50, imposing negative pressure that reduces the chances of achieving sustainable recovery on the short-term basis.
The (BTCUSD) price surged higher in its last intraday trading, affected by the stability of the key support at $90,000, amid the dominance of the bullish trend on the short-term basis and its trading alongside trend line, to surpass the resistance of EMA50, with the emergence of positive overlapping signals from the relative strength indicators, after offloading its overbought conditions.