Crude oil declined during recent intraday trading, amid the attempts of looking for higher low that might help it to recover, amid the continuation of the dynamic support that is represented by its trading above EMA50, providing renewed positive momentum that reinforces the strength of the main bullish trend on short-term basis, besides forming positive divergence on the relative strength indicators, increasing the chances of the price recovery on the near-term basis.
Silver is rising to confirm breaching the key resistance at $74.00, supported by its trading above EMA50, providing supportive base for the stability and dominance of bullish corrective wave on short-term basis, with its trading alongside trendline, after offloading its overbought conditions on the relative strength indicators, opening the way for expanding these gains on the near-term basis.
Gold rose during recent intraday trading, reaching $4,700 key resistance, which represented potential target in our previous analysis, taking advantage of bullish corrective wave dominance on short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the positive pressure due to its trading above EMA50, this rise came despite the emergence of positive signals from the relative strength indicators, after reaching overbought levels, as a clear positive signals for its bullish momentum.
The EURUSD pair kept rising during its recent intraday trading, supported by its trading above EMA50, providing dynamic support that helped it to breach minor bearish trend line on the short-term basis, gaining positive momentum that led it to expand its gains, despite the emergence of the negative signals from the relative strength, after reaching overbought levels, indicating strong dominance for the positive action.