Crude Oil rose continued its fluctuating trading on its latest intraday levels, attempting to gain a new bullish momentum that might support resuming the rise in the near upcoming period, with the continuation of the bullish corrective wave on the short-term basis and its trading alongside supportive trend line.

The price benefited from the continuation of its trading above EMA50, which represents dynamic support, accompanied by the emergence of positive signals from the relative strength indicators, after offloading the previous overbought conditions. These technical factors support the chances of recovery continuation and targeting higher resistance levels.

Silver settles with cautious gains during its latest intraday trading after rebounding from the key support level at $57.00, which provided technical support and helped the metal recover part of its recent losses.

the price keeps trading below EMA50, which represents a dynamic resistance that reinforces the stability and dominance of the main bearish trend on the short-term  basis, with the continuation of the trading alongside minor trend line that supports this path. Breaking this support and providing a close below might open the way for recording more losses and targeting lower support levels in the upcoming period.

Gold declined during its latest intraday trading after reaching a main bearish trend line on the short-term basis, accompanied by reaching EMA50’s resistance, forming a double technical resistance that pushed the price to decline under selling pressures.

This performance was accompanied by negative crossover on the relative strength indicators, after reaching overbought levels compared to the price move, indicating a decline in the positive momentum and prefers the continuation of the pressures in the near period, unless price manages to surpass the current resistance levels and regain the bullish momentum.

The EURUSD pair settle on strong gains during its recent intraday sessions, supported by its trading above EMA50, which provides dynamic support base that reinforces the stability and dominance of the bullish corrective trend on the short-term basis.

The pair is moving alongside bullish trend line that supports this path, accompanied by the positive signals’ emergence from the relative strength indicators, indicating the strength of the buying momentum in the near term, if the pair settles above the current technical support levels.