Crude oil prices declined in their last intraday trading, after reaching EMA50’s resistance, putting it under clear selling pressure, which has increased with the negative signals of the relative strength indicators after reaching overbought levels, to indicate losing the bullish momentum.

This comes amid the main bearish trend dominance, with the trading stability within minor bearish channel’s range that reinforces the negative track, keeping the negative scenario preferred due to the extension of the pressure on the near-term basis unless it returns to trade above the key resistance of the trend line and returns above its moving average.

Gold rose slightly in its last intraday trading, leaning on the support of its EMA50, providing bullish momentum that helped it recover these last gains, accompanied by the emergence of positive overlapping signals on the relative strength indicators, after reaching oversold levels, to indicate improving the near-term basis momentum.

This bullish performance reinforces the dominance of the main bullish trend, besides the continuation of minor bullish wave’s effect on the short-term basis, accompanied by the trading alongside supportive trend line for this track, these technical data open the way for extending the gains in the upcoming period.

The (EURUSD) price declined in its last intraday trading, attempting to look for higher low to form a base for gathering the required bullish momentum to recover, this comes amid the dominance of bullish corrective wave on the short-term basis, supported by the trading above EMA50, keeping the positive overview valid despite the last decline.

The signals of positive divergence are forming on the relative strength indicators, after reaching exaggerated oversold levels compared to the price move, accompanied by positive overlapping signals appearance, which might reinforce the chances of rebounding again, these technical factors reduce the likelihoods of rising soon unless the price breaks the key support levels.

The (BTCUSD) price settled lower in its recent intraday trading, leaning on the current support level at $95,500, this support represents a potential target in our previous reports, amid the continuation of the negative pressure that comes from its trading below EMA50, and under the dominance of the main bearish trend on the short-term basis and its trading alongside trendline, on the other hand, we notice the emergence of positive overlapping signals on the relative strength indicators after reaching oversold levels, helping it to settle on the intraday basis.