The price of (crude oil) surged higher in its last intraday trading, reaching our morning expected target for today at $57.70, supported by its continued trading above EMA50, under the dominance of bullish corrective wave on the short-term basis and its trading alongside trend line, besides the emergence of the positive signals on the relative strength indicators, after forming positive divergence in its previous trading that intensifies the bullish momentum.
The price of (silver) declined in its last intraday trading, after recording new historical levels, to attempt to gather to gather its previous rises, to gain bullish momentum to help it recover and rise again, to offload its overbought conditions on the relative strength indicators, with the emergence of the negative signals from there, amid the dominance of the main bullish trend on the short-term basis and its trading alongside trend line, with the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of the price recovery on the near-term basis.
The price of (Gold) declined in its recent intraday trading, with the emergence of negative signals from the relative strength indicators, after reaching overbought levels, attempting to look for higher low to help it gain the required bullish momentum for its recovery, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis, with its trading alongside supportive main and minor trend lines for this trend.
The price of (EURUSD) rose in its last intraday trading, affected by its leaning on EMA50’s support, gaining bullish momentum that helped it to achieve these gains, amid the dominance of the main bullish trend on the short-term basis and its trading alongside trend line, besides the emergence of positive signals on the relative strength indicators, after reaching oversold levels previously.