Bitcoin’s price (BTCUSD) surged higher in its recent intraday trading, taking advantage of the positive signals from relative strength indicators after reaching sever oversold levels, in attempt to recover some of its previous losses within the main bearish trend on short-term basis, while the price remains moving alongside minor trend line that reinforces the overall bearish track, putting this rise in corrective frame until now.

The price is approaching EMA50, which might form intensive technical pressure, especially with the relative strength indicators move to exaggerated overbought levels, indicating a potential fading of the positive momentum.

Crude oil prices rose slightly in its last intraday trading, amid the continuation of the main bullish trend on short-term basis, where it settles positively, supported by solid technical structure, reinforcing the stability of the trading above EMA50, providing dynamic support that reinforces the strength of the trend and limits any potential corrective pressures.

The price gets extra momentum with the beginning of forming positive divergence on relative strength indicators, after reaching exaggerated oversold levels, accompanied by the emergence of positive overlapping signals that indicate gradual improvement in the momentum, which might ease the way for more gains on near-term basis, unless it loses its key technical support.

Silver prices rose in their last intraday trading, supported by the emergence of positive overlapping signals from relative strength indicators, after offloading the previous overbought conditions, opening the way for recovering the bullish momentum, indicating the regaining the dominance of the buyers gradually on a short-term basis.

This performance comes amid the trading above EMA50, providing dynamic support that reinforces the stability of the bullish move, accompanied by the dominance of bullish corrective wave on short-term basis, therefore, the stability above this support might pave the way for extending the range of the gains in the upcoming period, unless signs of weakness emerge that bring selling pressures back to the forefront.

Gold price rose during its recent intraday trading, leaning on the dominance of minor bullish wave on short-term basis, with organized trading alongside supportive trend line that indicates the stability of the technical positive structure, reinforcing the trading above EMA50, providing dynamic support that reinforces the chances of keeping the bullish track and extending the gains on near-term basis.

The price gets extra momentum with the beginning of forming positive divergence on relative strength indicators, after reaching exaggerated oversold levels compared to the price move, besides the emergence of positive signals from there, therefore, the continuation of this momentum supports targeting higher resistance levels, while the continuation of this momentum represents a key factor for the continuation of the bullish scenario.