Crude Oil price declined in its last intraday trading, amid its attempts to look for a higher low to use it as a base that might help it to gain the required bullish momentum and rising again, amid the continuation of the positive support that comes from its trading above EMA50, reinforcing the stability and dominance of the bullish trend on the short-term basis, with its trading alongside main and minor trend lines that support this path, noticing that the relative strength indicators have entered exaggerated oversold levels compared to the price action, to indicate forming a positive divergence that intensifies the positive momentum.

Gold extended its cautious gains in its recent intraday trading, amid the emergence of the positive signals on the relative strength indicators, which provided bullish momentum that helped it to surpass the resistance of EMA50, as a strong step for bullish trend in the near period, but the main resistance level represents an obstacle against achieving full recovery, especially with the relative strength indicators’ reaching overbought levels, as a signal for losing bullish momentum quickly.

EURUSD price witnessed mixed trading on its last intraday levels, supported by the emergence of positive signals from the relative strength indicators, after reaching oversold levels, which makes it settles against the negative pressure that is represented by its trading below EMA50, reducing the chances of a full recovery in the near upcoming period, affected by breaking bullish corrective trend line on the short-term basis.

Ethereum (ETHUSD) prices declined during their latest intraday trading after retesting a broken short-term trendline, accompanied with the price encountering resistance at its EMA50. This forced the price to reverse lower, erasing most of its early gains, particularly as the price managed to ease some of its oversold conditions on the relative strength indicators during this performance, increasing the likelihood of deeper losses in the near term.