The price of (crude oil) rose on its last trading on the intraday basis, with the emergence of positive signals from relative strength indicators, after offloading some of its overbought conditions, opening the way for extending its gains on the intraday basis, amid the continuation of the positive support that comes from its trading above EMA50, under the dominance of the main bullish trend on short-term basis.
The price of (silver) rose in its last intraday trading, amid the dominance of the bullish corrective trend on short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the dynamic pressure that is represented by its trading above EMA50, after offloading its overbought conditions, opening the way for reinforcing its gains on the intraday basis.
The price of gold rose in its last intraday trading, taking advantage of its continuous trading above EMA50, with its trading alongside minor bullish trend line on short-term basis, reinforcing the chances of the positive scenario continuation, especially with the stability above 5,300 resistance, noticing the emergence of negative overlapping signals from the relative strength indicators, after reaching overbought level, which reduces the last gains, due to its neediness to offload its overbought conditions.
The price of EURUSD settles on sharp decline on its last intraday levels, after reaching our morning expected target at 1.1710 support, to rebounce higher in attempt to recover some of its losses, affected by negative technical formation that complete the bearish corrective trend on short-term basis (symmetrical triangle pattern), with the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressure.