Crude oil prices extended their decline in the last intraday trading, breaking the $59.20 support under the impact of the previously formed negative pattern on the short-term chart, represented by the falling wedge. This breakdown strengthens selling pressure, especially with prices holding below the EMA50, which blocks any meaningful recovery attempts.
Negative signals are also shown on relative strength indicators despite oversold readings, confirming the continued weakness of bullish momentum and keeping sellers in control while the market awaits a clear signal indicating a new low or a deeper bearish wave.
Gold declined in its last intraday trading due to ongoing negative pressure from trading below the EMA50, which signals weak bullish momentum. This drop appears alongside renewed negative signals on relative strength indicators after exiting oversold areas, allowing sellers to control the near-term movement.
Despite this pressure, the main bullish trend still dominates the short term, supported by trading along the minor trend line. The contrast between intraday negativity and the broader bullish structure keeps technical signals neutral, awaiting a clear breakout to define the next direction.
The (EURUSD) price witnessed fluctuating trading in its last intraday trading, affected by the continuation of the negative pressure of its trading below EMA50, reinforcing the stability of the main bearish trend on the short-term basis, and the price keeps moving alongside minor trend line that increases the strength of this bearish track and supports the dominance of the sellers.
At the same time, we notice that the relative strength indicators reached exaggerated overbought levels compared to the price move, to suggest forming a negative divergence that might increase pressure on the price, accompanied by the emergence of new negative overlapping signals, which might pave the way for extra bearish wave in the upcoming period.
The (BTCUSD) price deepened its losses in its recent intraday trading, breaking $90,000 support, with the emergence of negative signals on the relative strength indicators after reaching overbought levels, amid the dominance of the main bearish trend on a short-term basis and its trading alongside supportive trend line.