Crude Oil prices remain steady on a series of consecutive gains during the latest intraday trading sessions, supported by positive signals coming from the relative strength indicators. However, these indicators reached heavily overbought levels in an exaggerated manner compared to the price movement, suggesting a rapid loss of positive momentum ahead, and the negative pressure continues due to trading below EMA50, alongside the impact of breaking a major short-term bullish trend line.

Gold price continued to decline during its latest intraday trading, reaching a key support level at $4,500, amid ongoing negative pressure caused by trading below EMA50. On the other hand, we notice the beginning of a positive crossover on the relative strength indicators after reaching deeply oversold levels in an exaggerated manner compared to the price movement, suggesting the formation of a positive divergence that may help gold regain recovery and rise again.

The EURUSD pair declined during its latest intraday trading, amid attempts to gain positive momentum that could help it recover and move higher again. This comes as a short-term bullish wave remains in control. We also notice the emergence of positive signals from the relative strength indicators after reaching oversold levels compared to the pair’s price movement, suggesting the beginning of a positive divergence formation.

Ethereum (ETHUSD) rose higher in its recent gains during its latest intraday trading, with the emergence of positive overlapping signals from the relative strength indicators. After reaching exaggerated oversold levels compared to the price move, to indicate forming positive divergence that pushed it to achieve these gains, which helped it to get rid of the negative pressure of EMA50, which confirms the continuation of strong bullish corrective wave dominance on the short-term basis.