Crude oil declined during its recent intraday trading after the stability of the key resistance at $59.85, which represents our expected target in our previous analysis, to begin gathering its last gains in attempt to recover the required bullish momentum for breaching this resistance again, especially with the continuation of its trading alongside minor bullish trend line on the short-term basis.
At the same time, the dynamic support that is represented by its trading above EMA50 provides positive base for the price movement, with the emergence of positive signals from the relative strength indicators, keeping the chances for reaching the resistance valid in the upcoming trading
Gold declined on its recent intraday trading in limited corrective range, amid its continuous attempts to gain bullish momentum that may help it to recover and rise again, taking advantage of the dynamic support due to its trading above EMA50, besides the dominance of the main bullish trend on the short-term basis and its trading alongside supportive trend line for this trend.
On the other hand, recording negative overlapping signals by the relative strength indicators after reaching exaggerated overbought levels formed technical pressures, which might limit its ability to complete the rise in the near period unless the positive signals renew.
The (EURUSD) price rose in its last intraday trading, after its decline to look for a rising low to regain some of its bullish momentum, taking advantage of the continuation of the dynamic support due to its trading above EMA50, reinforcing the stability of the bullish corrective trend on the short-term basis, especially with its trading alongside supportive trend line for this trend.
The relative strength indicators have reached exaggerated oversold levels compared to the price move, reinforcing the likelihoods of forming positive divergence, providing extra push for resuming the rise in its upcoming trading if the positive signals confirm.
The (BTCUSD) price rose in its last trading on the intraday levels, amid the attempts to reach the key resistance level at $93,000, affected by breaching main minor trend line on the short-term basis, supported by its continuous trading above EMA50, after offloading its overbought conditions on the relative strength indicators, reaching exaggerated oversold levels compared to the price move.