The price of (crude oil) surged high in its last intraday trading, breaching the key resistance at $65.40, amid the continuation of the dynamic support that is represented by its trading above EMA50, under full dominance for the main bullish trend on short-term basis, this rise came despite the stability of the relative strength indicators in overbought levels, in a clear signal for the dominance of the buying powers.
The price of (silver) keeps its early gains for today, despite reaching EMA50’s resistance, accompanied by testing minor bearish trend line on short-term basis, besides the attempts of offloading the clear overbought conditions on relative strength indicators, especially with the emergence of negative signals from there, on the other hand, we notice consecutive gains in the recent period, which suggest reaching this area to get rid of the negative pressures.
The price of gold fluctuated on its last intraday levels, amid the stability of the key and psychological resistance at $5,000, with the continuation of the negative pressure due to its trading below EMA50, reinforcing the importance of this area to detect the upcoming track on short-term basis, with offloading its overbought conditions on relative strength indicators without affecting the performance of the price, which represents clear indicators for its bullish momentum.
The price of EURUSD declined in its last intraday trading, and it attempted to offload its oversold conditions on relative strength indicators, however the selling pressure is stronger, with the dominance of the bearish corrective trend on short-term basis, with its trading alongside supportive trend line, with the continuation of the negative pressure, due to its trading below EMA50, reducing the chances of near-term recovery.