Crude oil rose during recent intraday trading, reaching our morning expected target at $102.00, taking advantage of its early fluctuated moves for today, gaining bullish momentum that helped it to offload its overbought conditions from the relative strength indicators, providing extra strength and opening the way for extending its gains, amid the dominance of minor bullish wave on short-term basis, with the continuation of the positive support that comes from its trading above EMA50, providing dynamic support base that reinforces extending its gains on the near-term basis.
Silver declined during recent intraday trading, with its trading alongside minor bearish trend line on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressure on the price, with the emergence of negative overlapping signals from the relative strength indicators, after offloading its oversold conditions, and they reached exaggerated overbought levels compared to the price move, as a signals for resuming the decline in the upcoming near period.
Gold declined in its recent intraday levels, to confirm breaking $4,600 support, amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the stability and dominance of minor bullish wave on the short-term basis, with its trading alongside supportive trend line for this path, noticing the emergence of negative overlapping signals on the relative strength indicators, after offloading its oversold levels, opening the way for deepening its losses on near-term basis.
The EURUSD pair declined in its recent intraday trading, preparing to break the key support at 1.1690, amid the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, amid the dominance if bearish corrective wave on the short-term basis, and trading alongside trend line, besides the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressure on the price.