Crude Oil prices declined in their latest intraday trading, amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, which represents dynamic resistance that prevent the chances of full recovery on the near-term basis, especially with the emergence of the negative signals from the relative strength indicators, despite reaching oversold levels.
Gold extended its gains in its recent intraday trading, taking advantage of the positive signals from the relative strength indicators, to attempt to correct the main bearish trend on the short-term basis, to retest the key resistance at $4,100, amid the continuation of the negative pressure that comes from its trading below EMA50, wit the relative strength indicators reach to the overbought levels, exaggeratedly compared to the price move, and there is big chance for forming negative divergence that intensifies the negative pressure.
The EURUSD pair slipped lower in its latest intraday trading, erasing most of its gains for today, amid the continuation of the negative pressure due to its trading below EMA50, with the dominance of the main bearish trend on the short-term basis, noticing that the relative strength indicators entered overbought levels, exaggeratedly compared to the price move, as a clear signals for fading the surrounding bullish momentum.
(ETHUSD) fluctuated in its latest intraday trading, affected by the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, with the stability of the key support at $1,550, providing bullish momentum that helps it to settle against the negative pressures, where the price is under negative pressure that comes from its trading below EMA50, which reinforces the stability and dominance of the main bearish trend on the short-term basis.