The price of (crude oil) rose in its last intraday trading, preparing to attack the key near resistance at $58.20, this resistance was a potential target in our previous analysis, amid the dominance of strong bullish corrective wave on the short-term basis, with the continuation of the positive support due to its trading above EMA50, offloading its overbought conditions on the relative strength indicators and providing more bullish momentum on the short-term basis.
The price of (silver) attempts to catch its breath in its last intraday trading, preparing to reach the main resistance at $70.00 for the first time in its history, taking advantage of the dynamic support that is represented by its trading above alongside trend line, besides the emergence of the positive signals from the relative strength indicators, after offloading its overbought conditions, opening the way for recording new all-time highs in the upcoming period.
The price of (Gold) on a strong gains in its last intraday trading, reaching the key resistance at$4,500, this resistance was our expected target in our previous analysis, amid the dominance of the main bullish trend on the short-term basis, and its trading alongside supportive trend line for this trend, on the other hand, we notice the emergence of negative signals on the relative strength indicators, after reaching overbought levels, reducing the last gains due to its neediness to offload some of this overbought conditions.
The price of (EURUSD) rose in its last intraday trading, preparing to attack the key resistance at 1.1800, this resistance represented our expected target in our previous analysis, 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 the short-term basis, especially with its trading alongside trend line, besides the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels.