The (crude oil) price witnessed fluctuated trading on the last intraday levels, amid its attempts to gain bullish momentum that might support its recovery and rise again, the price leans on the support of EMA50, providing technical base that might help it to settle.
At the same time the price continues its moves within the bullish correctional trend on the short-term basis, accompanied by the emergence of positive signals on the relative strength indicators, after reaching exaggerated oversold levels compared to the price movement, reinforcing the possibilities for resuming the recovery in its near-term trading.
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The (Gold) price declined in its last intraday trading, affected by breaking minor bullish trendline previously on the short-term basis, this decline was supported by the continuation of the trading below EMA50, which increases the negative pressure on its movements.
At the same time the price success in offloading some of the oversold conditions on the relative strength indicators assists in weakening the bullish momentum, indicating a gradual fading of buying power, this technical scene reinforces extending the losses on the near-term basis unless the price regains its stability quickly.
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The (EURUSD) declined slightly in its last intraday trading, keeping its lean on the support of EMA50, indicating the continuation of the price attempts to look for a new rising low that might form a base for gaining the required bullish momentum to regain its bullish trend.
This comes amid the dominance of the main bullish trend on the short-term basis, supported by the trading above supportive bias line, to notice forming positive divergence on the relative strength indicators, after reaching oversold levels exaggeratedly compared to the price move, and the positive signals begin to appear again.
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The (BTCUSD) price kept rising in its last intraday trading, breaching the critical resistance level at $117,000, supported by its trading above EMA50, and under the dominance of the bullish correctional trend on the short-term basis, and its trading alongside bias line, besides the emergence of the positive signals on the relative strength indicators.
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