|
Crude Oil Price Loses Bullish Momentum as Selling Pressure Returns – Analysis – 29-07-2026
Crude oil prices declined during their latest intraday trading after reaching resistance at EMA50, exposing the price to renewed selling pressure that forced it to halt its previous gains. This coincided with the emergence of negative signals from the relative strength indicators after the indicator reached heavily overbought territory.
These movements come amid the continued dominance of a sharp short-term bearish corrective wave, keeping downside pressure as the main factor influencing price action. A decisive break above the moving average and sustained trading above it remains essential to improving the technical outlook, while the bearish scenario remains the more likely in the near term.
Silver Price Strengthens Bullish Prospects After Easing Overbought Conditions –Analysis – 29-07-2026
Silver advanced during its latest intraday trading, as a short-term bullish corrective wave remains in control. The price moved above the resistance of its EMA50, to overcome technical pressures and regain its bullish momentum.
MoreGold Price Overcomes Technical Pressures and Continues to Rise – Analysis – 29-07-2026
Gold extended its recent gains during intraday trading, benefiting from the resilience of the key psychological support level at $4,000, which provided a strong base for the price and helped restore bullish momentum. This move was further supported by positive signals from the relative strength indicators, reinforcing the continuation of the upward price action.
MoreEURUSD Breaches the Bearish Trend and Announces it Recovery – Analysis – 29-07-2026
The EURUSD pair surged higher during recent intraday trading, breaching a short-term bullish trend line while also surpassing the resistance of EMA50, strengthening the bullish outlook and signals an improvement in upward momentum, easing the bearish pressures that had dominated the pair’s recent price action.
More