The price of (crude oil) declined in its last intraday trading, affected by testing minor bearish trend on the short-term basis, intensifying its effect due to its trading below EMA50, besides the emergence of negative overlapping signals on the relative strength indicators, indicating a quick fading for the bullish momentum of the price in its early trading.
The price of (silver) kept rising in its last intraday trading, attacking the resistance at $52.35, this resistance represented our potential target in our previous analysis, supported by the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels, and there is dynamic support that is represents by its trading above EMA50, providing renews momentum that intensifies the chances of breaching the resistance.
The price of (Gold) rose in its last intraday trading, supported by its continuous trading above EMA50, with the emergence of positive signals on the relative strength indicators, amid the dominance of the main bullish trend and its trading alongside supportive minor trend line for the stability of this trend.
The price of (EURUSD) declined in its last intraday trading, to erase most of its early gains for today in attempt to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals, to gather its positive strength that might help it to renew the bullish momentum and rise again, with a positive support of EMA50, affected by the inverted head and shoulders pattern.