Bitcoin price edged higher in intraday trading after leaning on the support of the 50-candle SMA, lending the price some positive momentum, especially as it trades alongside the upward correctional trend line in the short term, with the Stochastic reaching oversold levels compared to the price’s movements.
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Brent crude price kept rising in the intraday levels, boosted by trading above the 50-candle SMA, while moving within an ascending correctional price channel in the short term, with the price about to touch its resistance, coinciding with the Stochastic reaching overbought levels.
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US crude oil prices kept rising in intraday trading and successfully pierced the pivotal resistance of $68.00, boosted by trading above the 50-candle SMA, amid the dominance of the upward correctional trend in the short term, while the price moves alongside the trend line.
However, it’s important to note that the Stochastic has reached overbought levels, which could hinder upcoming gains and might force the price into a correction to gather positive momentum and vent off that overbought saturation.
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Silver price settled higher in intraday trading, leaning on the support of an ascending price channel, while boosted by trading above the 50-candle SMA, which provides increasing positive pressures on the price that could help it rebound and recoup earlier losses, especially as positive signals start streaming out of the Stochastic once more, and with the dominance of the main upward trend.
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