The price of (crude oil) declined in its last intraday trading, due to the stability of the stubborn resistance at $60.50, with the emergence of negative signals from relative strength indicators, after reaching overbought levels, surpassing EMA50’s support, putting it under negative pressure unless it manages to rebounce quickly in the upcoming period, leaning on minor bullish trend line on the short-term basis, as a last chance for gaining the required bullish momentum for its recovery.
The price of (silver) keeps its early gains in its last intraday trading, due to its leaning on EMA50, gaining bullish momentum that intensified with the emergence of the positive signals from the relative strength indicators, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line for this trend.
The price of gold rose in its last intraday trading, to settle above the main resistance at $4,800, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis, especially with its trading alongside minor trend line, noticing the negative signals from the relative strength indicators, after offloading its overbought conditions on relative strength indicators, after offloading its overbought conditions, opening the way for achieving more gains on near-term basis.
The price of EURUSD rose in its last intraday trading, supported by its continuous trading above EMA50, providing support base that provided bullish momentum, especially with the emergence of positive divergence on relative strength indicators, after reaching oversold levels, exaggerated compared to the price move with the emergence of positive signals from there, reinforcing the chances of extending its intraday gains.