Crude Oil returned to rise quickly in the last intraday trading, preparing to attack the key resistance level at $75.00, amid the dominance of bullish corrective wave on the short-term basis, with its trading alongside supportive trend line that supports this path, besides the continuation of the positive pressure due to its trading above EMA50, which represents a dynamic support that reinforces the chances of breaching this resistance, on the other hand, we notice the emergence of negative signals on the relative strength indicators, after reaching oversold levels, which might reduce the upcoming gains.
Silver witnessed limited gains in its latest intraday trading, attempting to offload some of the clear oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals, amid the continuation of the negative pressure due to its trading below EMA50, which reinforces the stability and dominance of the main bearish trend on the short-term basis, especially with its trading alongside supportive trend line for this path.
Gold declined in its last intraday trading, amid the dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line for this path, besides the emergence of the negative signals from the relative strength indicators, despite reaching oversold levels, with a negative pressure due to its trading below EMA50, which represents a dynamic resistance that reduces the chances of full recovery in the near upcoming period.
The EURUSD pair surged higher in its last intraday trading, taking advantage of the stability of 1.1390 support, gaining bullish momentum that helped it achieve these gains, with the emergence of the positive signals from the relative strength indicators, after reaching the oversold levels, to surpass the resistance of EMA50, surpassing its negative pressure, to open the way for achieving more gains in the near period.