The (crude oil) price continued its decline in the last intraday trading, affected by the negative signals on the (RSI), despite entering oversold levels, this pressure pushed the price to decline until it reached a key support area that is represented by EMA50, to form a critical leaning point that might detect the upcoming trend.
These level represent a last chance for the price to gain bullish momentum that might help it to recover and rise again, especially with its lean on bullish correctional trend line on the short-term basis, which might provide extra support, if the price manages to settle there.
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The (Gold) price witnessed fluctuating trading in its last intraday levels, to gain positive momentum that reinforces resuming its strong bullish track that ended its last week’s trading, and it succeeded in breaching the critical resistance at$3,435, indicating the strength of the bullish trend and its domination on the current moves.
This performance is supported by the continuation of the trading above EMA50, besides its move alongside main and minor bias lines, reinforcing the extension of this track. Noticing the emergence of positive signals on the (RSI), however it is in overbought levels, which might open the way for more rising attempts.
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The (EURUSD) settled high in its last intraday trading, supported by its trading above EMA50, reinforcing the strength of the bullish correctional track on a short-term basis, taking advantage of its trading alongside supportive bullish bias for its current trading.
Besides the positive signals on the (RSI), after offloading the overbought conditions, which opens the way for continuing the attempts to rise and recover in the upcoming period.
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The (BTCUSD) deepened its losses in its last intraday trading, amid the continuation of the negative pressure that comes from its trading below EMA50, forming a resistance that prevented the previous attempt of the price, amid the dominance of the main bearish trend on the short-term basis and its trading alongside a supportive bias line for the bearish trend, on the other hand, we notice the emergence of positive overlapping on the (RSI), after reaching oversold levels, which might reduce the upcoming losses.
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