The price of (ETHUSD) declined in its last intraday trading, with the emergence of negative signals from relative strength indicators, despite reaching oversold levels, under the dominance of the main bearish trend on short-term basis, surpassing EMA50’s support, which puts it under negative pressure in its upcoming trading.
Brent prices kept rising in their last intraday trading, reaching our morning suggested target at $69.00 resistance, supported by its trading above EMA50, under the dominance of the main bullish trend and its trading alongside supportive minor trend line for this trend, on the other hand, we notice the beginning of negative overlapping signals from relative strength indicators, after reaching overbought levels, which might decelerate the upside track in the upcoming period.
BTCUSD price declined in its last intraday trading, to remain stable below $88,000, amid its trading alongside bearish trend line on short-term basis, with the continuation of the dynamic negative pressure that is represented by its trading below EMA50, reducing the chances of the recovery on near-term basis, especially with the emergence of the negative signals from relative strength indicators, despite reaching oversold levels.
The price of (crude oil) extended its gains in its last intraday trading, reaching the expected target in our previous analysis at $64.40 resistance, amid the dominance of the main bullish trend on short-term basis, with the continuation of the positive pressure due to its trading above EMA50, besides the emergence of the positive signals from relative strength indicators, despite reaching overbought levels, which might reduce the upcoming gains.