The price of (crude oil) declined in its last intraday trading, in attempt to gain bullish momentum that may help it to rise, and it attempts to offload some of its clear overbought conditions on the relative strength indicators, with the emergence of the negative signals from there, amid the continuation of the positive pressure that comes from its trading above EMA50, and under the dominance of minor bullish channel on the short-term basis and its trading alongside trendline.
The price of (silver) witnessed strong gains in its last intraday trading, taking advantage of the dynamic support that is represented by its trading above EMA50, surpassing $52.00 resistance, which represents our expected target in our previous analysis, amid the dominance of the main bullish trend and its trading alongside supported minor trendline on the short-term basis for this trend.
The price of (Gold) extended its gains in its last intraday trading, surpassing the resistance of EMA50, holding above $4,100 resistance, supported by its trading alongside minor bullish trend on the short-term basis, with the emergence of the positive signals on the relative strength indicators, reaching overbought levels which might reduce the upcoming gains.
The price of (EURUSD) declined in its last intraday trading, breaking the key support of 1.1580, affected by the negative pressure that comes from its trading below EMA50, affected by its exit from bullish corrective channel’s range on a short-term basis, besides the emergence of the negative signals on the relative strength indicators.