The price of (ETHUSD) settled with cautious gains in its last intraday trading, attempting to get rid of the negative pressure of the EMA50, announcing its recovery and opening the way towards achieving more of the gains, especially with its trading alongside a minor bullish trend on the short-term basis, with the emergence of the positive signals on the (RSI), after reaching oversold levels that provides renewed bullish momentum.
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The price of (BTCUSD) is under the negative pressure on the last intraday levels, which decelerated its early gains due to the stability of the support level at $109,000, this support was our target previously, with the emergence of the positive signals on the (RSI), after reaching oversold levels to offload this condition, but the price remains under the dynamic negative pressure that comes from its trading below EMA50, and under the dominance of minor bearish wave and its trading alongside a supportive bias line on the near-term basis.
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The price of (Brent) declined sharply in its last intraday trading, amid the dominance of bullish correctional wave on the short-term basis, with the continuation of the positive pressure that comes from its trading above EMA50, gaining bullish momentum that helps it to recover and rise again, and it attempts to offload the overbought conditions on the (RSI). Noticing that it entered exaggerated oversold levels compared to the price move, which is a positive sign indicates the end of the bearish momentum around the price.
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The price of (crude oil) kept declining in its last intraday trading, amid the emergence of the negative signals on the (RSI), after reaching overbought levels previously, attempting to look for a rising low to take it as a base to gain the required bullish momentum to recover and rise again, to approach from leaning on the critical support at $63.35, which might provide bullish momentum and prevent the losses on the intraday basis, especially with the continuation of the dynamic support that is represented by its trading above EMA50, and under the dominance of the bullish correctional trend on the short-term basis.
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