Crude Oil kept recording consecutive losses in its last intraday levels, amid the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the stability and the strength of the short-term main bearish trend, especially with its trading alongside supportive trend line for this path, noticing the emergence of the negative signals from the relative strength indicators, after offloading its oversold conditions.
Silver declined during its latest intraday trading, with the beginning of negative overlapping signals emergence from the relative strength indicators, after offloading the oversold conditions, which increased the negative pressure with the dominance of the short-term bearish trend on the short-term basis, with its trading alongside supportive trend line for this trend, with the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of full recovery in near period.
Gold declined during its latest intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, which reinforces the stability and dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line, noticing the emergence of the negative signals from the relative strength indicators, after offloading its oversold conditions, opening the way for deepening these losses in the upcoming near period.
The EURUSD pair kept declining during its latest intraday trading, approaching 1.1330 support, which represents our last expected target, amid the dominance of the main bearish trend on the short-term basis, with its trading alongside minor bearish trend that indicates the strength of this path, the price is under continued negative pressure due to its trading below EMA50, despite the stability of the relative strength indicators in the oversold levels, showing the dominance of the sellers.