Ethereum (ETHUSD) settles with series of consecutive losses in its last intraday trading, attempting to look for higher low to use it as a base that might help it to gain the required bullish momentum for its recovery, leaning on EMA50, amid the dominance of the main bullish trend on the short-term basis, noticing the emergence of positive overlapping signals from the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, to indicate forming positive divergence that reinforces the chances of the recovery in the near upcoming period.

Brent crude oil surged higher after breaching $75.00 resistance, under the dominance of bullish corrective wave, indicating the strength of this trend, with a positive support due to its trading above EMA50, which represents a base that reinforces the chances of extending the gains in the upcoming near period, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, which might reduce the upcoming gains.

The price of Bitcoin slipped lower in its recent intraday trading, amid the emergence of the negative signals from the relative strength indicators, reaching oversold levels, exaggeratedly compared to the price move, leaning on EMA50’s support, as a last chance for gaining the required bullish momentum to recover and rise again, amid the dominance of the bullish corrective trend on the short-term basis.

Crude Oil settles with strong gains in the last intraday trading, taking advantage of the positive support that comes from its trading above EMA50, reinforcing the chances of extending these gains in the near upcoming period, amid the dominance of strong corrective wave on the short-term basis, despite the stability of the relative strength indicators in the overbought levels, which might reduce the gains.