The price of (BTCUSD) deepened its losses in its last intraday trading, amid continuation of the negative pressure that comes from its trading below EMA50, forming a resistance level that prevented the previous recovery attempts, amid the dominance of the main bearish trend on the short-term basis, and its trading alongside a supportive bias line for this negative track, on the other hand, we notice the emergence of positive overlapping signals on the (RSI), after reaching oversold levels, which might reduce the losses temporarily.
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The price of (Brent) rose in its last intraday trading, amid its attempts to breach the current resistance at $67.60, amid the dominance of the bullish correctional trend on the short-term basis, and its trading alongside a bias line, with the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the stability of this positive scenario, despite the emergence of the negative signals on the (RSI), after entering overbought levels, in an attempt to offload some of this overbought condition.
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The price of (crude oil) rose in its last intraday trading, amid the recovery attempts, taking advantage of the dynamic support that is represented by its trading above EMA50, and under the dominance of the bullish correctional trend on the short-term basis and its trading alongside a supportive bias line, on the other hand, we notice the emergence of the negative signals on the (RSI), after reaching overbought levels, which might decelerate the upcoming gains temporarily.
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The price of (Silver) declined in its last intraday trading, attempting to look for a rising low to take it as a base that helped it to gain the required bullish momentum for its recovery and rise again, and it succeeded in offloading its clear overbought condition on the (RSI), opening the way for achieving more of the gains, amid the dominance of the main bullish trend and its trading alongside supportive main and minor bias line for this track.
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