Crude oil prices slipped lower during recent intraday trading, due to the stability of the key resistance at $93.50, to look for higher low to take it as a base that might help it to build the required bullish momentum for its recovery, to lean on EMA50’s support, with the relative strength indicators reaching oversold levels, exaggeratedly compared to the price move, to indicate forming positive divergence to reinforce the chances of a recovery in the upcoming near period.
Gold prices declined during recent intraday trading, affected by the stability of the resistance at $4,500, accompanied by reaching EMA50, besides forming negative divergence on the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, with the emergence of negative overlapping signals, forcing it to rebound lower.
The EURUSD pair declined during its latest intraday trading, after reaching EMA50’s resistance, surrendering to the negative pressure, accompanied by testing minor bearish trend line on the short-term basis, with the emergence of negative overlapping signals from the relative strength indicators, after reaching exaggerated overbought levels compared to the price move, to begin forming negative divergence to intensify the negative pressure.
Ethereum price (ETHUSD) declined in its recent intraday trading, with the emergence of the negative signals from the relative strength indicators, under the dominance of the main bearish trend on the short-term basis, with the continuation of its trading below EMA50, which represents a dynamic resistance that reduces the chances of full recovery in the upcoming near period.