The price of (crude oil) declined in its last intraday trading, after reaching our morning suggested target at $114.00 resistance, to gather the gains of its last rises, attempting to look for higher low that might help it to gain bullish momentum for its recovery and rise again. The price is attempting to offload its overbought conditions on relative strength indicators, especially with the emergence of the negative signals from them, amid the dominance of the main bullish trend on short-term basis.
The price of (silver) is witnessing fluctuating trading that prefers moving lower in its last intraday trading, affected by breaking short-term bullish trend line, which weekend the chances of near-term recovery. The price faces increased negative pressures due to its stability below EMA50, which represents dynamic resistance that reinforces the selling pressure, on the other hand, we notice the emergence of negative signals from the relative strength indicators after reaching overbought levels, increasing the likelihoods of the decline continuation in the upcoming period.
The price of gold declined in its last intraday trading, affected by the emergence of negative signals from the relative strength indicators, after forming negative divergence that reinforced the selling pressure, this decline comes amid the continuation of the trading below EMA50, which represents dynamic resistance that limits the opportunities of a recover, dominated by minor short-term bearish wave, accompanied by its trading alongside bearish bias trend that supports the continuation of this negative track.
The price of EURUSD rose to its last intraday levels, to retest 1.1565 resistance, amid the dominance of the main bearish trend on short-term basis, with its trading alongside main and minor trend lines, with the continuation of the negative pressure due to its trading below EMA50, reducing the chance of full recovery on a near term basis.