The price of (crude oil) kept declining in its last intraday trading, amid the emergence of the negative signals on the (RSI), after reaching overbought levels previously, attempting to look for a rising low to take it as a base to gain the required bullish momentum to recover and rise again, to approach from leaning on the critical support at $63.35, which might provide bullish momentum and prevent the losses on the intraday basis, especially with the continuation of the dynamic support that is represented by its trading above EMA50, and under the dominance of the bullish correctional trend on the short-term basis.
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The price of (Silver) declined in its last intraday trading, due to the stability of the current resistance at $38.70, in attempt to look for a rising low to take it as a base to help it gain the required bullish momentum to recover and breach this resistance, amid the dominance of minor bullish wave on the short-term basis and its trading alongside a supportive bias line for this trend, with the continuation of the positive pressure that comes from its trading above EMA50, besides the emergence of the positive signals on the (RSI), after reaching oversold levels.
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The price of (Gold) declined in its last intraday trading, due to the stability of the stubborn resistance level at$3,375, which prevented the price recovery previously, especially with the emergence of the of the negative signals on the (RSI), after reaching overbought levels, in attempt o offload this condition, amid the continuation of the positive pressure that comes from its trading above EMA50, which represents a dynamic support that assist the stability of the bullish trend.
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The price of (EURUSD) settled high in its last intraday trading, duet o the stability of the critical support at 1.1600, gaining some bullish momentum that helped it to recover some of yesterday’s losses, besides the emergence of the positive signals on the (RSI), after reaching oversold levels, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside a supportive bias for this trend until now, on the other hand, the negative pressure that comes from its trading below EMA50 remains valid, which stopped the pair’s last gains.
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