The price of (crude oil) declined in its last intraday trading, due to the stability of the psychological and solid resistance level at $100.00, attempting to gain bullish momentum that might help it to breach this resistance level, attempting to offload some of the clear overbought conditions on the relative strength indicators, especially with the emergence of negative overlapping signals from them, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the strength and stability of the main bullish trend on short-term basis.
The price of (silver) rose slightly in its last intraday levels, attempting to recover some of the previous losses, and attempting to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals, amid the continuation of the dynamic negative pressure that is represented by its trading below EMA50, reinforcing the stability and dominance of the bearish trend on the short-term basis, especially with its trading alongside supportive trend line for this path.
The price of gold rose cautiously on its last intraday levels, after reaching $4,200 key support, which represented a price target in our morning analysis, gaining some positive momentum that helped it to rebound quickly, especially with the emergence of positive signals from the relative strength indicators after reaching oversold levels, amid the continuation of the negative pressure due to its trading below EMA50, with the dominance of the bearish corrective trend on short-term basis, which threatens any attempt to move higher in the upcoming period.
The price of EURUSD slipped lower during its last intraday trading, amid the emergence of the negative signals from the relative strength indicators, breaking the 1.1530 support level, to turn its path downside, especially with surpassing EMA50, which intensifies the negative pressure amid the main bearish trend on short-term basis, increasing the possibilities for extending its losses in the upcoming near period.