Bitcoin’s price (BTCUSD) settles clear losses in its recent intraday trading, as it remains under the main short-term bearish trend dominance, with its trading alongside minor bearish trend line, indicating the dominance of the sellers, especially after losing any strong technical motivators for an affective rebound. 

Negative pressure becomes more evident with trading below EMA50, which acts as dynamic resistance supporting the bearish outlook. In addition, consecutive negative signals from relative strength indicators persist, despite reaching deeply oversold levels. This suggests that oversold conditions are insufficient to reverse the trend, keeping the probability of further decline intact.

Crude oil prices settle near their highest intraday levels, keeping strong gains after its stability at the previously expected target at $65.35 key resistance, the price is attempting to take a breather to gain the required bullish momentum to breach this key resistance and holding above, opening the way for a new bullish wave.

The price is attempting to offload some of the overbought conditions on relative strength indicators, especially with the emergence of negative overlapping signals that might indicate temporary slow momentum, but the continuation of the main bullish trend dominance on short-term basis, besides the dynamic support that is represented by the trading above EMA50 reinforced the chances of resuming the bullish trend and extending its gains.

Silver prices (SILVER) declined in their last intraday trading, after testing minor bearish trend line on short-term basis, accompanied by reaching EMA50’s resistance, forming double technical barrier that turned the selling pressures back, this decline indicates the importance of technical levels, especially with the absence of momentum to breach and hold above it.

The negative overview is reinforced with the emergence of weakness signals from relative strength indicators, after recording negative divergence after reaching exaggerated overbought levels compared to the price, indicating the likelihood of the decline continuation on near-term basis, unless it surpassed these technical resistance levels and confirmed a positive price reversal.

Gold prices declined in their recent trading on the intraday basis, after reaching EMA50’s resistance, to suffer renewed selling pressures that limited the recovery attempts, accompanied by forming negative divergence on relative strength indicators, after reaching severe overbought levels compared to the price move, with the emergence of negative signals from there.

Amid the continuation of the bearish corrective trend dominance on short-term basis, the technical outlook prefers more pressure unless surpassing the EMA50 and holding above it, trading below this key level supports the bearish scenario and keeps the possibilities of targeting lower levels in the upcoming period.