Crude oil prices surged higher in its last intraday trading, due to the stability of the critical support level at $61.65, gaining positive momentum that assisted it to achieve these strong gains, with the emergence of the positive signals on the (RSI), after reaching oversold levels, to get rid of the negative pressure of EMA50, announcing its recovery and opening the way for targeting new resistance levels.
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The price of (Silver) declined in its last intraday trading, in a natural technical move to gather the gains of its previous rises and attempts to offload some of its clear overbought conditions on the (RSI), with the emergence of negative overlapping signals, gathering positive strength that might help it to keep a strong positive track on the short-term basis.
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The price of (Gold) rose on its last intraday trading, with the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, reducing the last gains, due to its neediness to offload some of this overbought level, amid the continuation of the positive pressure that comes from its trading above EAM50, and under the dominance of the main bullish trend and its trading alongside supportive minor bias line on the short-term basis.
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The price of (EURUSD) witnessed mixed trading in its last intraday levels, amid the pair’s attempts to breach the stubborn resistance at 1.1730, supported by its continuous trading above EMA50, under the dominance of the bullish trend on the short-term basis and its trading alongside a bias line, on the other hand, we notice the emergence of the negative signals on the (RSI), after reaching overbought levels, the contradiction between these signals supported the last fluctuation.
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