The price of (crude oil) rose in its last intraday trading, affected by leaning on minor bullish trend line on short-term basis, accompanied by its stability on EMA50’s support, gaining bullish momentum that helped it to achieve these gains, after a downtrend journey to look for higher low to use it as a base that might help it to gather the required bullish momentum for its recovery.
The price of (silver) is moving within limited range of sideways trading at its last intraday levels, benefiting from the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, providing renewed bullish momentum to face the negative pressure due to its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on short-term basis, especially with its trading alongside supportive trend line for this path.
The price of gold declined in its last trading on the intraday levels, to settle below the main support at $5,000, amid trading alongside minor trend line on short-term basis, with the continuation of the negative pressure. On the other hand, we notice the emergence of positive signals from relative strength indicators, which might reduce the upcoming losses.
The price of EURUSD declined in its last intraday trading, affected by reaching EMA50’s resistance, accompanied by testing minor bearish trend line on short-term, intensifying the negative pressure on the pair, especially with the emergence of the negative signals from relative strength indicators, after reaching overbought levels.