The price of (ETHUSD) rose slightly in its recent intraday levels, with the emergence of the negative signals on the (RSI), after reaching overbought levels, attempting to offload this overbought conditions, which decelerates the price rise, amid the continuation of the positive pressure due to its trading above EMA50, and under the dominance of the bullish correctional trend on the short-term basis and its trading alongside a bias line.
The price of (BTCUSD) began to recover in its intraday levels, after it succeeded in offloading its clear overbought condition on the (RSI), providing opportunities for achieving new highs, taking advantage of the dynamic support that is represented by its trading above EMA50, and under the dominance of the bullish trend on the short-term basis, and its trading alongside a bias line.
The price of (Brent) rose in its last intraday trading, with the beginning of positive overlapping signal on the (RSI), after the price success in its previous trading to offload the overbought conditions, opening the way for achieving more of the gains, amid its trading alongside a minor bullish trend on the short-term basis, with the continuation of the positive pressure due to its trading above its EMA50.
The price of (crude oil) settled high in its last intraday trading, taking advantage of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the emergence of the positive signals on the (RSI), reinforcing the continuation of the positive trading.