The price of (crude oil) witnessed fluctuating trading in its last intraday levels, between the upcoming bullish momentum due to the stability of the key support at $58.20, and the negative signals on the relative strength indicators, after reaching oversold levels, accompanied by the continued negative pressure due to its trading below EMA50, affected by negative technical formation on the short-term basis that is represented by the rising wedge pattern.
The price of (silver) declined in its last intraday trading, to gather the gains of its previous rises, attempting to offload its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there, gathering its positive strength that might help it to recover and rise again, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish track on the short-term basis.
The price of (Gold) declined in its last intraday trading, with the beginning of the negative signals on the relatives strength indicators, after reaching overbought levels, attempting to offload some overbought conditions, accompanied by surpassing the EMA50, putting negative pressure and exhausting its positive chances on the near-term basis, leaning on the support of the minor bullish trend line on the short-term basis as a last support levels that might help it to gain the required bullish momentum for its recovery.
The price of (EURUSD) witnessed fluctuated trading on its last intraday levels, amid the recovery attempts, supported by the emergence of the positive signals on the relative strength indicators, under the dominance of bullish corrective wave on the short-term basis with its trading alongside trendline, taking advantage of its trading above EMA50, to reinforce the chances of the price recovery.