Crude Oil kept rising in the last intraday trading, breaching the key resistance level at $79.00, supported by its trading above EMA50, with the dominance of the bullish corrective trend on the short-term basis, and its trading alongside a trend line that reinforces the stability of this path.

On the other hand, we notice the beginning of negative crossover emergence on the relative strength indicators after reaching overbought levels, which might decelerate the upside moves in the upcoming near period.

Silver declined in its latest intraday trading, preparing to break the key support at $57.00, after offloading its oversold conditions on the relative strength indicators, increasing the chances for breaking this level and targeting new support levels in the near upcoming sessions, especially with the indicators reaching exaggerated overbought levels compared to the price move, as a signal for losing this positive momentum, with the continuation of the negative pressure that comes from its trading below EMA50, with the dominance of the main bearish trend on the short-term basis, and its trading alongside supportive trend line for this path.

Gold declined in its last intraday trading, after recovering some of its previous losses and offloading its oversold conditions on the relative strength indicators, due to the stability of the psychological barrier of $4,000, gaining bullish momentum that helped it to achieve this. The negative pressure remains valid by the 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, threatening these early profits by a downside rebound if it breaks the near support levels.

The EURUSD pair witnessed limited and cautious gains on its last intraday levels, taking advantage of the stability of 1.1390 support, gaining bullish momentum that helped it recover part of its previous losses, and it managed to offload some of its oversold conditions on the relative strength indicators, opening the way for recording new losses in the upcoming near period, amid the continuation of the negative pressure that comes from its trading below EMA50, affected by surpassing bullish corrective channel’s range on the short-term basis.