Crude oil prices are witnessing volatile trading in the short-term timeframe, as the market attempts to gain positive momentum that could help prices recover and move higher again. This performance is supported by trading above the EMA50, while the main short-term trend remains bullish.

In the background, we can observe the formation of a positive divergence on the relative strength indicators after they reached heavily oversold levels in an exaggerated manner compared to the price movement, with positive signals beginning to emerge. This strengthens the chances of a price recovery in the near term.

Silver price declined in its recent short-term trading after the price managed to ease its overbought condition on the relative strength indicators, pushing those indicators into relatively oversold areas compared to the price movement. This is considered a strong signal of renewed positive momentum entering the market, which could support a recovery and renewed upward movement in the near term, especially as positive pressure continues from trading above the EMA50, while the main short-term trend remains bullish, reinforcing the chances of this recovery.

Gold price rose cautiously in its last trading, benefiting from its stability of EMA50, gaining bullish momentum that helped it to achieve these weak gains, especially with the emergence of positive signals from the relative strength indicators, after reaching oversold levels, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line for this path.

The (EURUSD) declined during its recent intraday trading, after offloading the oversold conditions on the relative strength indicators, to begin sending negative signals again, which intensifies the negative pressure in its near upcoming trading, affected by breaking main bullish trend line on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of near term recovery.