The (crude oil) price rose in the last intraday trading, taking advantage of its stability above EMA50, which provides intraday support that reinforces the recovery attempts.
The main bearish trend remains the dominant on the short-term basis, where the trading settles alongside bias line that confines the strength of the rise and weakens the chances of extending the recovery, besides the emergence of negative overlapping signals on the relative strength indicators, after reaching clear overbought levels, indicating the possibility for bullish momentum weakness in the near period.
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The (Gold) price settled high in its last intraday trading, after reaching new all-time high in its early trading, indicating the price attempt to gather the gains of its last gains, keeping its bullish momentum, which reinforces the chance of heading towards all-time highs in the upcoming period.
The relative strength indicators support this scene by the continuation of its positive signs, despite reaching clear overbought levels, with the dominance of the main trend on the short-term basis, with the stability of the trading alongside supportive bias line, accompanied by the continuation of the dynamic support from the EMA50, which strengthens the positive track.
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The (EURUSD) declined slightly in its last intraday trading, to gather the gains of its previous rises, attempting to gain bullish momentum that might turn the ability to rise again, and attempting to offload the clear overbought on the relative strength indicators, with the emergence of negative overlapping signals that indicate the intraday pressure on the trading.
The main bullish trend remains the dominant on the technical scene on the short-term basis, supported by the continuation of the trading above EMA50, besides trading alongside supportive bias lines, keeping the main positivity even with these limited declines.
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The (BTCUSD) rose in its last intraday trading, amid the continuation of the positive support that comes from its trading above EMA50, and under the dominance of the bullish correctional trend on the short-term basis and its trading alongside supportive bias for this positive track, on the other hand, we notice the emergence of the negative signals on the relative strength indicators, reducing the last gains.