The price of (crude oil) get some support in its last intraday trading, due to its lean on the support of its EMA50, gaining some bullish momentum that helped it to achieve gains, amid the dominance of the bullish corrective trend on the short-term basis, on the other hand, we notice the emergence of the negative signals on the relative strength indicators, which decelerates the price rally.
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The price of (silver) rose carefully in its last intraday trading, amid the dominance of the bearish corrective trend on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, intensifying the negative pressure, on the other hand, we notice the emergence of positive crossover on the relative strength indicators, after offloading its overbought conditions, opening the way for achieving more of the gains in the upcoming period.
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The price of (gold) rose in its last intraday trading, amid the stability of the key support at $3,950, in attempt to offload its oversold conditions on the relative strength indicators, especially with the emergence of the positive signals, amid the continuation of the negative pressure that comes from its trading below EMA50, reducing the chances of the price’s recovery on the near-term basis, under the dominance of the bearish corrective trend on the short-term basis.
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The price of (EURUSD) witnessed fluctuated trading on its last intraday levels, after the rise of its early trading, in attempt to offload some of the oversold conditions on the relative strength indicators, especially with the emergence of the positive signals, reaching the resistance of its EMA50, putting it under intensified negative pressure due to the dominance of the main bearish trend on the short-term basis and its trading alongside trendline.
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