|
Crude oil price is looking for a rising bottom -Analysis-13-05-2025
The crude oil declined in its recent intraday trading, amid the emergence of the negative signals on the (RSI), after reaching overbought levels, which makes the price begin looking for a rising bottom to take it as a base that might assist it to gain the required positive momentum to recover.
This comes amid crude oil’s trading alongside a bullish correctional trend line on the short-term basis, with the continuation of the positive support that comes from its trading above its EMA50, noticing the reach of the (RSI) to exaggerated oversold levels compared by the price current move, showing the weakness of the selling momentum.
Bitcoin leans on its current support -Analysis-13-05-2025
The bitcoin price (BTCUSD) rose slightly in its recent intraday trading, affected by the stability of the current support at $102,000, providing it positive support to settle after it attempted to gather its previous gains and gaining positive momentum that might assist it to keep the main bullish trend on the short-term basis within its trading alongside a bias line.
MoreEvening update for bitcoin -12-05-2025
The bitcoin price declined in its intraday trading, amid its attempts to gain a positive momentum that might assist it in rising again, with continuous pressure by the emergence of the negative signals on the (RSI), amid the dominance of the main bullish trend on the short-term basis and its trading with a bias line.
MoreEvening update for crude oil -12-05-2025
The crude oil price declined in its intraday trading, gathering the gains of its last rises, and attempting to offload its clear overbought conditions on the (RSI), gathering its positive strength that might assist it to recover and rise again, especially with the emergence of the negative signals from there, amid dominance of the bullish correctional trend on the short-term basis and its trading alongside a bias line.
More