The (crude oil) price soared in the last intraday trading, supported by the stability of the critical support at $61.60, reinforced by its rebound and providing clear bullish momentum, this intraday recovery accompanied by the emergence of positive overlapping signals on the (RSI), increasing the possibilities for extending the short-term rebound.
The overall view remains under the dominance of the bearish trend, especially with the continuation of the negative pressures that comes from its stability below its EMA50, limiting the strength of any rise unless surpassing critical resistance levels that confirms a rebound.
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The (Gold) price declined in fluctuated moves its last intraday trading, after facing pressures by gathering the gains after the last bullish wave, besides its attempt to offload the clear overbought conditions on the (RSI), that began showing negative overlapping signals that increases the pressure on the price.
Despite this temporary decline, the main trend remains bullish on the short-term basis, supported by its trading above the minor and main bias lines, providing strong chances for gaining a new positive momentum that allows it to resume its bullish track and keep testing higher peaks.
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The (EURUSD) declined in its last intraday trading, affected by the stability of the sold resistance at 1.1730, to enter profit-taking wave after its previous gains, attempting to offload its clear overbought conditions on the (RSI), that began pushing negatively.
Despite this decline, the price depends on its dynamic support by its trading above EMA50, moving alongside a minor bullish trend line, reinforcing the possibilities for regaining the positive momentum, if the price breaks the resistance at 1.1730.
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The (BTCUSD) declined in its last intraday trading, after the stability of the critical resistance level at $113,000, this level represents our suggested target, attempting to gain bullish momentum that might help it to recover and rise again, attempting to offload some of the overbought conditions on the (RSI), especially with the emergence of the negative signals, leaning on the support of its EMA50, amid the dominance of bullish correctional wave on the short-term basis and its trading alongside a bias line.
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