The (crude oil) price continued its decline in the last intraday trading, attempting to look for a rising low that might form a new base for a rise that reinforces the recovery chances, leaning on the support of EMA50, and the bullish correctional wave remains the dominant on the short-term basis.
At the same time, the (RSI) reached sharp oversold levels, reinforcing the possibilities to begin forming positive divergence, with the emergence of bullish overlapping signals, which eases the way for the return to the positive track soon.
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The (Gold) price declined in its last intraday trading, affected by the profit- taking after its previous gains, attempting to gain bullish momentum that might reinforce the chances for its recovery and return to the upside again, amid the dominance of the main bullish trend, with the trading alongside minor supportive bias line for this trend.
The yellow metal gets its support above EMA50, besides the positive signals that come from the (RSI), despite reaching overbought levels, opening the way for limited correctional move before resuming the rise.
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The (EURUSD) declined in its last intraday trading, affected by the continuation of the negative pressures that comes from its trading below EMA50, and the pair attempts to gain bullish momentum that might help it to surpass these pressures and regain its balance.
This comes amid the dominance of the minor bullish wave on the short-term basis, besides the price move alongside a supportive bias line for this track, accompanied by the emergence of positive signals on the (RSI), providing a chance for rising again in the near-term basis.
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The (BTCUSD) declined in its last intraday trading, after it succeeded in offloading its clear oversold levels on the (RSI), increasing the negative pressure around the price, amid the the continuation of the negative pressure that comes from its trading below EMA50, under the dominance of the bearish trend on the short-term basis and its trading alongside a bias that reinforces the stability of this trend.
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