Crude Oil continued to decline in its latest intraday trading, leaning on the support of EMA50, keeping the chances of recovery intact, as these declines are attempts to search for a higher low from which the price can establish a base and gain positive momentum that may help it recover again, supported by the relative strength indicators remaining in deeply oversold territory, alongside the dominance of the main short-term uptrend and trading in line with main and minor trendlines supporting this path.
Thanks for your feedback.
Silver extended its early gains today, benefiting from the stability of the key support at $62.60, providing renewed positive momentum, reinforced by the emergence of positive signals from the relative strength indicators after the price successfully worked off its overbought conditions. This keeps the chances of maintaining these gains intact in the near term.
MoreGold keeps its morning gains during its latest intraday trading, driven by the emergence of positive signals from the relative strength indicators after offloading the overbought conditions. This helped the price withstand negative pressures, particularly as it remains above the pivotal support at $4,300.
MoreEURUSD rose cautiously during its latest intraday trading, attempting to recover part of its previous losses while also working off some of the clear oversold conditions in the relative strength indicators, particularly with the emergence of positive signals from them. However, the pair remains under negative pressure from trading below EMA50, which reinforces the dominance and stability of the short-term bearish corrective trend, threatening these gains with another downside reversal in the near term.
More