The price of (ETHUSD) deepened its losses in its last intraday trading, amid the dominance of the main bearish trend on the short-term basis, and its continued trading below EMA50, intensifying the negative pressure around the price, noticing the continuation of the negative signals on the relative strength indicators, despite reaching oversold conditions, indicating the dominance and the strength of the negative track.
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The price of (BTCUSD) continued the decline in its last intraday trading, to break the critical support at $112,000, as a clear signal for resuming the decline, especially with its trading alongside minor bearish trend line on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, besides the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels.
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Brent crude oil prices witnessed fluctuated moves in its last intraday trading, attempting to offload its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there, gathering its positive strength that might help it to recover again, amid its affection by breaching minor bearish trend line on the short-term basis, with the continuation of the positive support due to its trading above EMA50, reinforcing the chances of the price recovery in the upcoming period.
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The price of (crude oil) declined in its last intraday trading, amid the price attempts to gather the gains of its previous rises, and gaining positive momentum that might help it to rise again, and offloading its overbought conditions on the relative strength indicators at the same time, despite the price decline, it remains stable above $64.35 support, which represents a sign for its bullish momentum, especially with the continuation of the dynamic pressure that is represented by its trading above its EMA50.
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