Crude Oil kept rising in its last intraday trading, approaching the resistance level at $90.50 resistance level, which was our last expected target, benefiting from the stability of the positive support that comes from its trading above EMA50, with the dominance of the bullish corrective trend on the short-term basis, on the other hand, we notice the positive signals from the relative strength indicators, after offloading its overbought conditions.
Silver declined in its latest intraday trading, affected by the stability of the stubborn resistance at $59.75, attempting to gain bullish momentum that might help it to breach this resistance, amid the dominance of bullish corrective wave on the short-term basis, with the continuation of the positive support that comes from its trading above EMA50, noticing that the relative strength indicators prepare to create a bullish divergence that might reinforce the chances of a near term recovery, after reaching oversold level, exaggeratedly compared to the price move.
Gold kept declining in its last intraday trading, attempting to look for a higher low to help it gain the required bullish momentum for its recovery and rising again, especially with the relative strength indicators’ reaching oversold levels, exaggeratedly compared to the price action, to indicate forming positive divergence that might accelerate the recovery in the near upcoming period, amid the continuation of the dynamic support that is represented by its trading above EMA50, with the continuation of the dynamic support that is represented by its trading above EMA50, with the dominance of bullish corrective wave on the short-term basis.
The EURUSD pair declined in its last intraday trading, due to the stability of the key resistance level at 1.1430, accompanied by reaching EMA50’s resistance, intensifying the negative pressure on the price, which forced it to rebound lower to erase all its early gains for today, especially with the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, opening the way for recording losses in the near upcoming period.