The (crude oil) rose sharply in its last intraday trading, taking advantage from the strength of the critical support level at $60.00, which assisted in decreasing the previous losses and providing a clear positive momentum, this rise was supported by the emergence of the positive signals on the (RSI), after entering exaggerated oversold levels, which supported activating new bought process.
The price breached the resistance of its EMA50, as an important technical step that indicates a serious attempt to surpass the previous negative pressures, this breach might open the way for the continuation of the bullish wave and targeting higher levels on the short-term basis.
The (Gold) price rose in its last intraday trading, leaning on the stability of the critical support at $3,280, which assisted in decreasing the losses and pushed the price to move with a minor bullish channel that limits its trading on the short-term basis, after its decline to oversold levels.
Gold attempts to get rid of the negative pressure that comes from its trading below EMA50, which formed a resistance against the price in its previous moves, if the price succeeded to surpass this level, it would be as a signal for the full recovery and extending its early gains
The (EURUSD) rose slightly in its last intraday trading, taking advantage of its stability above EMA50, which represents an important dynamic support that might reinforce the strength of the bullish trend on the short-term basis, with the trading alongside a minor bullish trend line, adding more positive momentum for the trading.
The (RSI) support this scenario, with the beginning of positive signals appearance on them after reaching oversold levels, which suggests a possibility for the continuation of the bullish wave in the upcoming sessions, unless breaking near critical support levels.
The (Bitcoin) price declined in its upcoming intraday levels, reaching our morning target at$104,000, because of the continuous negative pressure due to its trading below its EMA50, affected by breaking a main bullish trend line previously, after it succeeded in offloading its oversold conditions on the (RSI), providing a stronger chance for the decline.