The (crude oil) began this week trading calmly, attempting to gather its last gains, after a strong bullish wave, this temporary decline comes with offloading the clear overbought conditions on the (RSI) gradually.

The price remains supported by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis, the continuation of this technical support beside gathering the bullish momentum might open the way for breaching critical resistance at $68.00 in the upcoming period.

The (Gold) price decline in its last intraday trading, after reaching the key resistance at $3,365, which represents our target in the end of the last week trading, this decline came as a part of a natural gathering gains process after a strong bullish wave, amid the continuation of the bullish trend on the short-term basis and the trading alongside a bullish bias line.

At the same time, the price attempts to offload some of the clear overbought conditions that appear on the (RSI), providing a chance for gaining new bullish momentum, if it succeeds that will allow it to breach the mentioned resistance in its upcoming moves, supported by positive support from the EMA50 due to the trading above it.

The (EURUSD) continued its decline in its last intraday trading, breaking the critical support levels at1.1685. As a signal for the continuation of the selling pressure, this decline came amid the dominance of bearish correctional wave on the short-term basis, besides the pair’s move alongside a bearish bias line, reinforcing the negativity of the technical scene.

Accompanied by the continuation of the trading below EMA50, indicating the lost of the positive momentum, despite the oversold conditions that appear on the (RSI), the pair managed to offload these conditions without changing its track, which opens the way for more downside moves on an intraday basis.

The (BTCUSD) declined in the last intraday levels, due to the stability of the resistance level at $118,000 that represents our morning suggested target, gathering the gains of its last rises, to offload some of its clear overbought conditions on the (RSI), especially with the emergence of the negative signals from it, gathering its positive strength that might assist it to rise again, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.