The price of (crude oil) is experiencing 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 deepening its losses in its last intraday levels, reaching $75.00 level, this support represents potential target in our previous analysis, amid the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, reinforcing the strength and stability of the main bearish trend on short-term basis, especially with its trading alongside supportive trend line for this track, noticing the emergence of the negative signals from the relative strength indicators.
The price of gold kept declining sharply on its last intraday levels, to break $4,700 support, which represents expected target in our previous analysis, amid the dominance of steep minor bearish wave on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressure due to its trading below EMA50, intensifying the negative pressure with the emergence of the negative signals from the relative strength indicators, despite reaching oversold levels.
The price of EURUSD experienced fluctuating trading on its last intraday levels, amid its attempts to offload some of its clear oversold conditions from the relative strength indicators, especially with the emergence of the positive signals from them, with the continuation of 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 ist trading alongside trend line.