The price of (crude oil) deepened its losses in its last intraday trading, breaking $58.40 support which represents our expected target in our previous analysis, amid the dominance of the main bearish trend on the short-term basis, and its trading alongside supportive trend line for this track, with the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels, indicating the volume of the bullish momentum.
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The price of (silver) settled low in its last intraday trading, due to the stability of the resistance level at $52.50, gathering the gains of its previous rises, attempting to gain bullish momentum that might help it to breach this resistance. The price is attempting to offload its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals, this comes amid the dominance of the main bullish trend and its trading alongside minor trendline on the short-term basis.
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The price of (gold) witnessed fluctuated move in its last intraday levels, in a natural move for gaining some bullish momentum that might help it to breach $4,130 resistance, this represents our expected resistance, and the pris is attempting to offload its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there, amid the dominance of the main bullish trend on the short-term basis and its trading alongside trendline.
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The price of (EURUSD) declined in its last intraday trading, to settle below the critical support at 1.1575, indicating the dominance of the selling powers around the pair, this decline came despite the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, attempting to offload this oversold conditions without affecting the pair’s move, amid the dominance of the main bearish trend on the short-term basis and its trading alongside trend line.
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