Crude oil prices declined sharply in their last intraday trading, after reaching $62.00 resistance, which represented a key target in our previous analysis, which pushed the price to enter clear profit- taking wave after the previous strong rises.

This comes amid the attempts of rearranging its technical situation, by offloading some of its overbought conditions on the relative strength indicators, especially with the emergence of negative signals from there, to gain a new bullish momentum that might help it to recover and resume the rise, amid the continuation of the dynamic support that is represented by its trading above EMA50, which reinforces the chances of the price recovery on a near-term basis.

Gold declined in its recent intraday trading, in corrective move to rebuild the bullish momentum, after recording strong previous gains, with attempts to prepare the required base for a recovery and targeting new all-time highs.

This decline is accompanied by the attempt of offloading some of the clear overbought conditions on the relative strength indicators, especially with the emergence of negative signals, but the overall technical overview remains bullish amid the continuation of the dynamic support due to the trading above EMA50, which reinforces the stability and dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line.

The (EURUSD) price declined in its last intraday trading, affected by the stability of 1.1655 resistance, which pushed the pair to rebound lower amid its trading within bearish corrective channel’s range that constrains its track on the short-term basis.

This decline is supported by the continuation of the negative pressure due to the trading below EMA50, besides the emergence of negative signals from relative strength indicators, after offloading its oversold conditions, which keeps the bearish pressure valid in the near trading.

The (BTCUSD) extended its gains in its last intraday trading, amid full dominance for the main bullish trend on the short-term basis, with its trading alongside supportive trend line for this trend, offloading some of its clear overbought conditions on the relative strength indicators, opening the way for achieving bigger gains in the upcoming period.