Silver price strengthens its gains – Analysis – 10-04-2025
Silver (SILVER) has risen in its latest intraday trading, supported by the formation of a positive divergence in the Relative Strength Index indicators, after reaching extremely oversold levels that were exaggerated compared to the price movement. Positive signals have started to appear, allowing the price to successfully break through the current resistance level at $30.80. However, the price is still under negative pressure due to trading below the EMA50, which may limit its upcoming gains.
Crude oil Price Pauses to Catch Its Breath – Analysis – 10-04-2025
Crude oil prices declined slightly in their latest intraday trading, as the price gather gains yesterday, attempting to clear some of the overbought conditions indicated by the relative strength index (RSI), especially with the emergence of a negative overlapping. This may help it gather bullish momentum, which might assist the price to gather its positive strength and recover and rise again.
Brent Crude Oil Price Attempts to Alleviate its overbought conditions – Analysis – 10-04- 2025
The price of Brent crude oil (BRENT) declined in its latest intraday trading, due to the stability of the current resistance level at $64.80. The price is taking profits from its recent gains while also attempting to gain positive momentum by alleviating some of the overbought signals shown by the Relative Strength Index (RSI), especially with the beginning of a negative overlapping signals, following the strong rally in yesterday’s trading.
Bitcoin (BTCUSD) Price Affected by a Positive Technical Pattern – Daily Forecast – 10-04-2025
Bitcoin (BTCUSD) price settled with a slight decline in its latest intraday trades after breaching the key resistance level at $81,000. This level represents the neckline of a positive short-term technical pattern — a double bottom pattern — which provided further bullish momentum, allowing it to overcome the negative pressure from the EMA50.
The recent pullback made the price attempt to gather gains after yesterday’s rally, and at the same time, it’s an attempt to get rid of some of the overbought signals seen in the Relative Strength Index (RSI), especially with early signs of a bearish overlapping. This could help the price gather positive momentum again, assisting its potential recovery and rise.