The (crude oil) kept declining in its last intraday trading, amid an increasing technical pressure to surpass the support of EMA50, due to the continuation of the negative signals from the (RSI), despite entering clear oversold levels, indicating the dominance of the bearish momentum on the near-term basis.
Breaking a main bullish trendline on the short-term basis is considered as an extra negative signal that might ease the way for more downside movements, unless there are strong reversing signals to stop this technical bleeding in its upcoming trading.
The (Gold) price witnessed a slight improvement in its last intraday trading, after a previous bearish wave that has used to form a new base to the price to rise, this improvement came amid the dominance of the main bullish trend on the short-term basis, with the continuation of the trading alongside a minor bias line, reinforcing the chances for the recovery gradually.
Gold price gets technical support by its stability above the EMA50, besides signs for a positive divergence that begins to appear on the (RSI), after reaching exaggerated oversold levels, reinforcing the possibilities for resuming the rise, especially with the beginning of positive overlapping signals emergence on these indicators, easing the way for new bullish waves.
The (EURUSD) settled low in its last intraday trading, affected by the continuous technical pressure that is caused by its stability below EMA50, and the price moves within a bearish correctional channel that restricts its trading on the short-term basis, indicating the continuation of the bearish trend currently.
Despite the (RSI) reach a clear oversold level the negative signals remain emerging, indicating the possibility for the continuation of the technical weakness unless there are confirmed reversing signals that might turn the price to the bullish track.
The (BTCUSD) declined in the last intraday levels, to gather the gains of its last rises, attempting to gain a positive momentum that might assist it to recover and rise again, besides the attempt of offloading its clear overbought conditions on the (RSI), especially with the beginning of the negative signals, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.