The price of (crude oil) rose in its last intraday trading, surpassing EMA50’s resistance, getting rid of its negative pressure, reinforcing the chances of extending these intraday gains, especially with the dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this track, besides the emergence of positive signals from relative strength indicators.
The price of (silver) declined during its last intraday trading, to gather the gains of its previous rise, attempting to offload some of its overbought conditions on relative strength indicators, especially with the emergence of negative signals from there, affected by breaching bearish corrective trend line on short-term basis, the price remains under negative pressure due to its trading below EMA50, which might reduce the chances of sustainable recovery on the near-term basis.
The price of gold declined in its last intraday trading, due to the stability of the main resistance at $5,000, besides reaching EMA50, which forced it to decline, especially with the beginning of forming negative divergence on the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, with the emergence of negative signals from there.
The price of EURUSD rose in its last intraday trading, breaching1.1835 resistance, which represents positive technical short-term formation (the double bottom pattern), which might help it to extend its intraday gains, on the other hand, the price reaches EMA50’s resistance, which reduced its last gains, besides the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels.