The price of (crude oil) slipped lower in its last intraday trading, to break the key support at $65.35, which represents a neckline of short-term negative technical formation (double top pattern), especially with the emergence of negative signals from relative strength indicators.
The price of (silver) settles on a decline in its last intraday trading, amid the attempts of gaining bullish momentum that might help it to recover and rise again, amid the dominance of bullish corrective wave on short-term basis with its trading alongside supportive trend line for this track, benefiting from positive pressure due to its trading above EMA50, noticing that the relative strength indicators reached exaggerated oversold levels compared to the price move.
The price of gold continues its sideways moves in tight range on its last intraday levels, to keep attempting to gather its positive strength that might help it to recover and rise again, amid its trading alongside minor trend line on short-term basis, with the continuation of the dynamic pressure that is represented by its trading above EMA50, besides the beginning of positive overlapping signals from relative strength indicators, after offloading its overbought conditions, providing more momentum.
The price of EURUSD declined in its last intraday trading, attempting to offload some of its clear overbought conditions on relative strength indicators, especially with the emergence of negative signals from them, to gather its positive strength that might help it to return to rise, affected by breaching bearish corrective trend line on short-term basis, leaning on EMA50’s support, reinforcing the chance of its recovery.