The price of (crude oil) returned to decline in its last intraday trading, after offloading its previous moves in its oversold conditions on the relative strength indicators, which allows it to record more of the losses on the near-term basis, amid the dominance of minor bearish wave on the short-term basis, with the continuation of the negative pressure due to its trading below its EMA50, intensifying the negative pressure.
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The price of (silver) rose in its last intraday trading, to attack the resistance at $47.50, supported by its continuous trading above EMA50, under the dominance of the main bullish trend on the short-term basis and its trading alongside supportive trend line for the track, besides the emergence of the positive signals on the relative strength indicators.
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The price of (gold) keeps moving in limited range, which prefer heading upward in its last intraday levels, in attempt to gain bullish momentum that might help it to resume achieving new all-time highs on the near-term basis, to notice the emergence of positive signals on the relative strength indicators, with the continuation of the dynamic pressure that is represented by its trading above EMA50, reinforcing the chances of its recovery amid the dominance of the main bullish trend on the short-term basis.
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The price of (EURUSD) rose in its last intraday trading, supported by the emergence of positive signals on the relative strength indicators, reaching the resistance of its EMA50, testing bearish corrective trend line on the short-term basis, intensifying the importance of this area as critical resistance, which will detect the upcoming trend on the near-term basis.
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