Crude oil prices settled with cautious gains in the last intraday trading, after retesting the key resistance at $58.00, it managed to offload a lot of its oversold conditions on the relative strength indicators, which provides some calm after the previous bearish wave without sowing strong momentum that supports the continuation of the recovery.

Despite this relative stability under the negative pressure from its trading below EMA50, besides the dominance of the main bearish trend on the short-term basis and its trading alongside supported trendline, these technical factors limit the price ability to achieve clear rises unless it manages to surpass its near resistance steadily.

Gold declined in its last intraday trading, affected by the negative pressure from its trading below EMA50, the relative strength indicators began showing negative overlapping signals after reaching exaggerated overbought levels compared to the price move, reinforcing the possibilities of extending the selling pressure on the near-term basis.

Despite this, gold remains moving alongside minor bullish trend line on the short term, which provides support unless it breaks the near support levels, this track keeps the recovery chances valid, conditioned by the stability of the trend.

The (EURUSD) price declined in its last intraday trading, with the continuation of the main bearish trend dominance on short-term basis, and the trading alongside minor trend line that reinforces the negative track, keeping the selling pressure valid if the price is below EMA50, which limits any actual recovery attempt.

At the same time, we notice that the emergence of negative signals on relative strength indicators, which confirms the weakness of the current momentum and increases the likelihood of the decline extension in the near-term basis, especially with the absence of clear signals for the buyers’ strength until now.

The (BTCUSD) price returned to decline in its recent intraday trading, after offloading its oversold conditions on the relative strength indicators, especially with the emergence of the positive signals, and the selling powers remain the dominant on the price, amid the continuation of the negative pressure that comes from its trading below EMA50, under the dominance of the main bearish trend and its trading alongside minor trend line on the short-term basis.