Crude oil prices rose slightly in their last intraday trading, supported by the stability of the key support at $65.35, providing positive technical momentum that reinforced by its trading above EMA50, amid the dominance of the main bullish trend on short-term basis, with the trading alongside supportive trend line that indicates the stability of the current positive technical structure.
On the other hand, the relative strength indicators began showing new positive signals, after reaching sever oversold levels compared to the price move, which supports the likelihoods of recovery continuation in the near period, unless sudden selling pressures appear to obstruct this momentum.
Silver prices rose in their last intraday trading, approaching from resting $92.00 key resistance, amid the continuation of the positive support that comes from its stability above EMA50, indicating the dominance of the bullish corrective trend on short-term basis, it gives the price a degree of technical stability.
There are some warning signals, and negative divergence on relative strength indicators, accompanied by the emergence of new bearish signals, which might limit the ability of breaching the mentioned resistance and push it to enter limited corrective move on near-term basis.
Gold price rose during its recent intraday trading, keeping its fluctuated moves in sideways range to gather the required bullish momentum for resuming the rise, amid the dominance of minor bullish wave on short-term basis, with organized trading alongside supportive trend line for this path, besides the trading above EMA50, which provides dynamic support that reinforces the stability of the trend.
On the other hand, the relative strength indicators began to show negative signals after reaching overbought levels, which might indicate a temporary slowness in the bullish momentum and limits the upcoming gains.
The (EURUSD) price rose in its last intraday trading, supported by the emergence of positive signals from relative strength indicators, providing clear technical momentum that helped it to improve its image on a short-term basis, this improvement was crowned successfully breaking bearish corrective trend line, indicating a clear change in its movement.
Accompanied by surpassing EMA50’ resistance, surpassing the dynamic pressure and reinforcing the chances of extending its gains in near period, so the stability of these breached levels remains the key factor for the bullish momentum continuation, while the decline below it might turn the selling pressures back again.