The price of Bitcoin slipped lower in its recent intraday trading, amid the emergence of the negative signals from the relative strength indicators, reaching oversold levels, exaggeratedly compared to the price move, leaning on EMA50’s support, as a last chance for gaining the required bullish momentum to recover and rise again, amid the dominance of the bullish corrective trend on the short-term basis.
Crude Oil settles with strong gains in the last intraday trading, taking advantage of the positive support that comes from its trading above EMA50, reinforcing the chances of extending these gains in the near upcoming period, amid the dominance of strong corrective wave on the short-term basis, despite the stability of the relative strength indicators in the overbought levels, which might reduce the gains.
Silver surrendered to the negative pressures on its latest intraday levels, surpassing EMA50’s support, reducing the chances of the recovery in the near upcoming period, amid the dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line, besides the emergence of the negative signals from the relative strength indicators, after offloading some of its oversold conditions, opening the way for recording more losses in the near upcoming period.
Gold slipped lower in its last intraday trading, amid dominance of the main bearish trend on the short-term basis, with its trading alongside supportive minor trend line for this trend, surpassing EMA50’s support, intensifying the likelihoods of extending these losses in the near upcoming period, especially with the emergence of the negative signals from the relative strength indicators, despite reaching oversold levels.