Crude Oil settles with strong gains in the last intraday trading, taking advantage of the positive support that comes from its trading above EMA50, reinforcing the chances of extending these gains in the near upcoming period, amid the dominance of strong corrective wave on the short-term basis, despite the stability of the relative strength indicators in the overbought levels, which might reduce the gains.

Silver surrendered to the negative pressures on its latest intraday levels, surpassing EMA50’s support, reducing the chances of the recovery in the near upcoming period, amid the dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line, besides the emergence of the negative signals from the relative strength indicators, after offloading some of its oversold conditions, opening the way for recording more losses in the near upcoming period.

Gold slipped lower in its last intraday trading, amid dominance of the main bearish trend on the short-term basis, with its trading alongside supportive minor trend line for this trend, surpassing EMA50’s support, intensifying the likelihoods of extending these losses in the near upcoming period, especially with the emergence of the negative signals from the relative strength indicators, despite reaching oversold levels.

The EURUSD pair witnessed fluctuated trading at its last intraday levels, affected by the positive signals that comes from the relative strength indicators, after forming positive divergence that helps the price to settle against the negative pressures that are represented by surpassing bullish corrective channel’s range that limited its previous trading on the short-term basis, and it surpassed EMA50, intensifying the negative pressure in the near upcoming period.