Crude oil prices succeeded in turning its early losses into slight gains in the last intraday trading, benefiting from EMA50’s support, which provided bullish momentum that helped it to erase these losses and return to a positive zone.

This comes amid the attempts of offloading the overbought conditions on relative strength indicators, especially with the emergence of negative overlapping signals, however the main bullish trend remains dominant on the price’s short-term trading, keeping the chances of settling and resuming the rise valid in the upcoming period.

Gold witnessed sharp declines in its recent intraday trading, recording new historical levels, benefiting from EMA50’s support, accompanied by leaning on minor bullish trend line on a short-term basis, providing solid technical base for achieving this strong rise.

This performance was supported by the emergence of positive signals from the relative strength indicators, after reaching oversold levels, reinforcing the bullish momentum and supporting the continuation of the gains in the near trading.

The (EURUSD) price rose suddenly in its last intraday trading, turning its early losses into gains, in quick rebounding move despite its trading within bearish corrective channel on a short-term basis.

Despite this rise, the negative pressures remain valid due to the trading below EMA50, which limits the strength of this rise and it might rebound if the near resistance levels remain intact, especially with the emergence of negative signals from relative strength indicators after reaching exaggerated overbought levels, compared to the price move, indicating a potential decline in the bullish momentum.

The (BTCUSD) price declined in its last intraday trading, amid the attempts of looking for higher low to take it as a base that might help it to gain the required bullish momentum for its recovery, amid the dominance of the main bullish trend on a short-term basis, with its trading alongside supportive trend line for this trend, noticing that the relative strength indicators reached oversold levels, exaggeratedly compared by the price move, to indicate the beginning of positive divergence that reinforces the chances of the price recovery on the near-term basis.