The price of (ETHUSD) declined slightly on the last intraday trading, offloading some of its clear overbought conditions on the relative strength indicators, especially with the emergence of negative overlapping signals, amid the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the stability and dominance of the bullish corrective trend on the short-term basis, especially with its trading alongside main and minor trend lines.
Bitcoin (BTCUSD) prices fluctuated in its last intraday trading, to attempt to gain bullish momentum that might help it to breach the resistance at $94,000, besides the attempt to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of negative overlapping signal, amid the continuation of the dynamic support that is represented by its trading above EMA50, under the dominance of the bullish corrective trend on the short-term basis and its trading alongside trendline.
Brent crude oil’s price declined in its recent trading on the intraday levels, to settle below $61.25 key support, reinforcing the chances of extending the intraday losses, especially with the continuation of the negative pressure that comes from its trading below EMA50, with the dominance of steep minor bearish wave on the short-term basis.
The price of (crude oil) declined in its last intraday trading, reaching the key support level at $57.35, this support was our expected target in our morning analysis for today, with the trading alongside minor bearish trend line on the short-term basis, with the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, which increases the negative pressure around the price.