The price of (crude oil) witnesses fluctuating trading on its last intraday levels, attempting to gain bullish momentum that might help it to recover and rise again, attempting to offload some of its overbought conditions on relative strength indicators, amid the dominance of the main bullish trend, with its trading alongside supportive trend line for this path, besides dynamic support that is represented by its trading above EMA50, reinforcing the chances of the price recovery in the upcoming period.
The price of (silver) witnessed limited and cautious gains on its last intraday levels, amid the emergence of negative signals from relative strength indicators, after reaching overbought levels, amid the dominance of steep bearish wave on short-term basis, and it is under negative pressure due to its trading below EMA50, reducing the chances of the price recovery on near-term.
The price of gold began a recovery in its last intraday trading, after offloading its overbought conditions on relative strength indicators, opening the way for extending its intraday gains, amid the stability of its trading above $5,000 psychological support, taking advantage of the dynamic pressure of its trading above EMA50, beside its move alongside minor bullish trend line on short-term basis.
The price of EURUSD rose in its last intraday trading, to remain stable above 1.1900, after offloading some of its overbought conditions on relative strength indicators, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of its rise on near-term basis, affected by positive technical formation on the near-term basis(the double top pattern), indicating the bearish corrective wave.