Bitcoin (BTCUSD) witnessed fluctuating trading on its latest intraday levels, amid its attempts to offload its oversold conditions on the relative strength indicators with the emergence of the positive signals from them, which helped it to settle against the negative pressure due to its trading below EMA50, which represents a dynamic resistance that reinforces the stability and dominance of the bearish corrective trend on the short-term basis, with its trading alongside supportive trend line for this path.
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Crude oil price witnessed sharp an consecutive losses on its latest intraday level, attempting to look for a higher low to use it as a base that might help it to gain the required bullish momentum to recover, attempting to offload some of its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, amid the dominance of the main bullish trend on the short-term basis, with the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the chances of its recovery on the near-term basis.
MoreSilver price settles with limited gains in its latest intraday trading, to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from them, attempting to recover some of its previous losses, affected by breaking a main bullish trend line on the short-term basis, with a negative pressure that comes from its trading below EMA50, representing a dynamic resistance that increases the negative pressures and suggest more downside moves on the near period.
MoreGold price declined in its latest intraday trading, after it rose in its early trading for today, affected by the stability of the ley support level at $4,330, gaining bullish momentum that helped it recover some of its previous losses, and it offloaded some of its oversold conditions on the relative strength indicators, which turns the negative pressure back again, amid the dominance of the bearish corrective trend on the short-term basis, with the trading alongside supportive trend line for this path, especially with the continuation of the negative pressure due to its trading below EMA50, which decreases the chances of full recovery on the near-term basis.
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