The price of (BTCUSD) witnessed mixed trading in its last intraday trading, affected by several factors, as its affection by exiting the range of bullish correction channel that limited its previous trading on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, on the other hand, the price is affected by the stability of the support level at $112,000, providing renewed bullish momentum, accompanied by the positive signals on the relative strength indicators.
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Brent crude oil prices surged high in its last intraday trading, retesting the key resistance at $66.75, to hit the resistance of its EMA50, amid the dominance of the main bearish trend and its trading within minor bearish wave’s range, supported by the emerging of the positive signals on the relative strength indicators, reaching exaggerated overbought levels compared by the price movement, to suggest ending the bullish momentum gradually.
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Crude oil prices witnessed strong gains in their last intraday trading, supported by the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, retesting $62.95 accompanied by reaching the EMA50’s resistance, which put it under intensified negative pressure that turns it to the bearish track again.
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The price of (Silver) rose in its last intraday trading, to breach the resistance of $44.05, which represents the expected target in our previous analysis, supported by its continued trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside trendline, besides the emergence of positive overlapping signals on the relative strength indicators, after offloading some of its overbought conditions, opening the way for achieving more of the gains on the near-term basis.
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