Crude Oil witnessed fluctuating trading on the last intraday levels, attempting to gain bullish momentum that might help it to recover and resume its gains, amid the attempts of confirming breaching the resistance of $79.00, amid the dominance of bullish corrective wave on the short-term basis, with the continuation of the dynamic support that is represented by its trading above EMA50, noticing the beginning of positive signals from the relative strength indicators, after offloading its overbought conditions, reinforcing the chances of this recovery.
Silver declined in its latest intraday trading, amid the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, amid the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on the short-term basis, with its trading alongside supportive minor trend line for this path, intensifying the negative pressure and increasing the likelihoods of deepening its losses in the near upcoming period.
Gold settles on series of consecutive losses in its last intraday trading, amid the dominance of the ain bearish trend on the short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the negative pressure due to its trading below EMA50, which represents dynamic resistance that reduces the chances of full recovery in the near upcoming period, especially with the emergence of the negative signals from the relative strength indicators.
The EURUSD pair continued its fluctuating moves on its last intraday levels, to fail to breach the key resistance at1.1430, to face the negative pressure again due to its trading below EMA50, with the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, intensifying the negative pressure on the pair, indicating more downside moves in the near upcoming period.