The price of (crude oil) declined in its last intraday trading, due to the stability of the current resistance at $63.50, to gather the gains of its previous rises, attempting to gain bullish momentum that might help it to breach this resistance, and the price attempts to offload some clear overbought conditions on relative strength indicators, especially with the emergence of negative signals from there, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of the price recovery on near-term basis, especially with its trading alongside main bullish trend line on short-term basis.
The price of (silver) rose on its last intraday levels, supported by the emergence of positive signals from relative strength indicators, despite reaching overbought levels to retest the psychological resistance at$90.00, accompanied by retesting the previously broken main bullish trend on short-term basis, amid the continuation of the negative pressure due to its trading below EMA59, reducing the chances of full recovery on near-term basis.
The price of gold declined in its last intraday trading, because of reaching EMA50’s resistance, after reaching exaggerated overbought levels compared to the price move, which made the price surrender to the negative pressure, amid the dominance of steep bearish corrective wave on short-term basis.
The price of EURUSD declined in its last intraday trading, with the beginning of forming negative divergence on relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, with the emergence of negative signals from there, amid the continuation of the negative pressure due to its trading below EMA50, with the dominance of bearish corrective wave on short-term basis.