Bitcoin (BTCUSD) price rose in its recent intraday trading, due to the stability of EMA50’s support, which gained bullish momentum that helped it to achieve these gains, besides the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, amid the dominance of the main bullish trend on short-term basis, with its trading alongside main and minor trend line that supports this path.
Crude oil price keeps its early gains for today, supported by the emergence of the positive signals from the relative strength indicators, however the price still moving alongside bearish corrective trend line on short-term basis, reinforcing this track and its continued trading below EMA50, which intensifies the negative pressure on the price and opens the way for a downside moves in the upcoming near period.
Silver price settles lower in its recent intraday trading , amid the emergence of negative signals from the relative strength indicators, after reaching overbought levels, to attempt to look for higher low to use it as a base might help it to gain the required bullish momentum for its recovery and rising again, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the bullish corrective trend on short-term basis, with its trading alongside supportive trend line for this path.
Gold price fluctuated within limited range during its recent intraday trading, leaning on EMA50’s support, keeping its attempts to gain bullish momentum that might help it to recover and rise again, amid the dominance of bullish corrective wave on short-term basis, on the other hand, we notice the emergence of the negative signals from the relative strength indicators after reaching overbought levels.