The price of (BTCUSD) soars high in its last intraday trading, amid its trading alongside a supportive correctional trend line for the bullish momentum on the short-term basis, taking advantage of the dynamic support that comes from its trading above EMA50, besides the emergence of the positive signals on the (RSI), after offloading its overbought condition, opening the way for achieving more of the gains.
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Crude oil prices extended their gains during recent intraday trading, reaching our morning target of retesting the key resistance level at $62.85, supported by the price attempts to correct the main bearish trend on the short-term basis, amid the continuation of the dynamic resistance in its trading below EMA50, increasing the chances for the price full recovery on the near-term basis, noticing that the (RSI) indicators reached overbought levels.
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Crude oil prices extended their gains during recent intraday trading, reaching our morning target of retesting the key resistance level at $62.85, supported by the emergence of positive signals from the (RSI) indicators.
However, we observe that the RSI has reached extremely overbought levels compared to the price movement, which is a bearish signal indicating a loss of positive momentum surrounding the price, amid the continued downward pressure as the price trades below its EMA50, and under the control of the overall short-term downtrend.
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The price of (Silver) rose in its last intraday trading, preparing to attack the critical resistance at $41.45, supported by the positive signals on the (RSI), after reaching oversold levels, and under the main bullish trend on the short-term basis, and its trading alongside supportive bias line, taking advantage of the dynamic support that is represented by its trading above EMA50, providing renewed momentum on the intraday basis.
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