Bitcoin’s price rose slightly in its last trading on the intraday levels, supported by the emergence of positive signals from relative strength indicators after reaching sharp oversold levels, in attempt to absorb these conditions and regain the balance.

Despite this limited improvement, the technical image remains negative, amid the continuation of the trading below EMA50, reinforcing the dominance of the main bearish trend on short-term basis and limits the chances of turning this rebound to positive track in the upcoming period.

Crude oil prices settle on cautious gains in their last trading on intraday levels, however this rise is facing clear technical obstacles, after reaching EMA50’s resistance, accompanied by retesting previously broken main bullish trend line, which puts these trading under negative pressure.

These pressures increase by the emergence of negative overlapping signals from relative strength indicators after reaching exaggerated overbought levels compared to the price move. There is likelihood of forming negative divergence that might ease the way for the bearish track return in the upcoming period.

Silver price (SILVER) declined in its recent intraday trading, as the short-term corrective downtrend continues to dominate. The price is moving alongside a minor descending trendline that reinforces this negative path. Additional pressure stems from trading below  EMA50, which represents dynamic resistance limiting the chances of a near-term recovery.

Moreover, the Relative Strength indicators entering overbought levels indicates fading positive momentum and strengthens the probability of continued selling pressure in the coming period.

Gold price (GOLD) declined during its latest intraday trading after failing to break above the key psychological resistance at $5,000, which has shown clear resilience against previous bullish attempts. This pullback came in conjunction with negative signals from the relative strength indicators after it reached heavily overbought levels.

With this decline, the price broke below EMA50, in addition to breaking a short-term ascending trendline. These technical developments reinforce the likelihood of deeper losses in the near term, especially if trading continues below this strong resistance level.