The (crude oil) prices rose in the last intraday trading, affected by the stability of the critical support level at $61.50, besides the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, which pushed the price to attempt to recover its previous losses and offload this oversold condition.
On the other hand, the negative pressure remains dominant, due to the trading below EMA50, reducing the chances of recovery on near-term basis, this comes amid the continuation of steep bearish sub- wave on the short-term basis, indicating the strength of the negative momentum.
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The (Gold) price declined in its last trading on the intraday levels, affected by the negative signals that come from the relative strength indicators, after reaching the overbought levels previously, however, it entered exaggerated oversold levels compared to the price movement, to indicate fading a big part of the negative momentum in the last trading.
This decline comes amid the continuation of the positive support due to its trading above EMA50, besides the dominance of the main bullish trend on the short-term basis, with the stability of the trading alongside supportive trend line, providing new opportunity to regain its bullish momentum in the upcoming period.
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The (EURUSD) rose slightly in its last intraday trading, to test the resistance of its EMA50, this level decelerated the recovery attempts in the last sessions, this comes amid the continuation of the bearish corrective trend dominance on the short-term basis and its trading alongside supportive trend line for this track.
Noticing the emergence of the negative signals on the relative strength indicators, despite its stability in oversold levels, indicating the weakness on the bullish momentum and increasing the selling pressure in the upcoming period.
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The (BTCUSD) price continued the rise in its last intraday trading, reaching our last expected target at the critical resistance of $117,800, amid the dominance of steep bullish sub-wave, indicating the strength and dominance of this trend, amid the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels.
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