crude oil price settles lower in its last intraday trading, with the emergence of the negative signals from the relative strength indicators, amid the dominance of the main bearish trend on the short-term basis, with its trading alongside trend line that increases the strength of this path, especially with a negative and dynamic pressure due to its trading below EMA50, which reduces the chances of near-term recovery.
Silver rose during the latest intraday trading amid its attempts to recover some of its previous losses, supported by the emergence of the positive signals from the relative strength indicators, however the price remains under negative pressure du to its trading below EMA50, which represented dynamic resistance that reduces the chances of full recovery in the upcoming near period, with the dominance of the main bearish trend on the short-term basis.
Gold extended its gains in its latest intraday trading, supported by the positive signals from the relative strength indicators, with the indicators reaching exaggerated overbought levels compared to the price move, as a clear signal for losing bullish momentum quickly, especially with the continuation of the negative pressure due to its trading below EMA50, with the dominance of the short-term main bearish trend, and its trading alongside supportive trend line.
The EURUSD pair settles lower in its latest intraday trading , with the emergence of the negative signals from the relative strength indicators, after forming negative divergence after reaching overbought levels, exaggeratedly compared to the price move, which intensified the negative pressure, especially with the continuation of the negative pressure due to its trading below EMA50, with the dominance of the main bearish trend on the short-term basis.