Crude oil prices witnessed strong gains in their last intraday trading, supported by the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, retesting $62.95 accompanied by reaching the EMA50’s resistance, which put it under intensified negative pressure that turns it to the bearish track again.
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The price of (Silver) rose in its last intraday trading, to breach the resistance of $44.05, which represents the expected target in our previous analysis, supported by its continued trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside trendline, besides the emergence of positive overlapping signals on the relative strength indicators, after offloading some of its overbought conditions, opening the way for achieving more of the gains on the near-term basis.
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The price of (Gold) continues its rise in its last intraday trading, continuing to post new record highs, breaching the resistance of $3,755, this resistance was our expected target previously, supported by its continued trading above EMA50, and under the full dominance of the main bullish trend and its trading alongside supportive trend line, on the other hand, we notice the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, which might reduce the upcoming gains of the price.
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The price of (EURUSD) declined in its last intraday trading, to gather the gains of its previous rises, attempting to gain bullish momentum that might help it to recover and rise again, besides the attempts of the pair to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there, amid its trading above EMA50, reinforcing the stability of the main bullish trend on the short-term basis, with its move alongside trend line.
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