The price of (crude oil) settled with strong gains in its last intraday trading, supported by the emergence of the positive signals on the relative strength indicators, moving around its EMA50, amid its trading within minor bearish channel’s range on the short-term basis, reducing the chances of the price full recovery on a near-term basis.
The price of (silver) fluctuated on an intraday basis, leaning on minor bullish trendline on a short-term basis, in attempt to gain bullish momentum that might help it to recover and rise again, accompanied by the emergence of the positive signals on the relative strength indicators, after reaching oversold levels.
The price of (Gold) witnessed fluctuated trading on its last intraday levels, affected by breaking minor bullish trend line on the short-term basis, with the emergence of the negative signals on the relative strength indicators, after offloading its oversold conditions, which makes the price surpass the support of its EMA50, intensifying the negative pressure in the upcoming period.
The price of (EURUSD) declined in its last intraday trading, amid its attempts to look for a rising low to take it as a base to help it gain the required bullish momentum for its recovery, amid the continuation of the positive support that comes from its trading above EMA50, and under the dominance of bullish corrective wave on the short-term basis, besides reaching oversold levels by the relative strength indicators, exaggeratedly compared to the price movement, to indicate forming positive divergence.