Crude Oil price deepened its losses during its latest intraday trading, in attempt to look for higher low that might use it as a base to regain the bullish momentum and return to rise again.

This decline comes despite the dominance of the main bullish trend on short-term basis, with the continuation of the dynamic support that is represented by the trading above EMA50, reinforcing the recovery chances in the near future, especially with the relative strength indicators reaching sever oversold levels, exaggeratedly compared to the price move, indicating a likelihood of forming positive divergence that might support the chances of bullish rebound.

Silver Price expanded its gains during its latest intraday trading, after breaching the key resistance of $86.00, accompanied by surpassing EMA50’s resistance, which may help it to get rid of the surrounding negative pressures.

This comes amid the dominance of the main bullish trend on short-term basis, with its move alongside supportive trend line for this path, on the other hand, the relative strength indicators began showing negative overlapping signals, after reaching overbought levels, which might push the price to begin temporary fluctuating moves to offload some of these conditions before attempt to complete the rise.

Gold price achieved gains during its latest intraday trading, taking advantage of the positive signals emerging from the relative strength indicators, despite reaching overbought levels, which might support the current bullish movement.

On the other hand, the price remains facing negative and dynamic pressure due to its trading below EMA50, which might limit the chances of the upside move continuation, making any current gains threatened by facing a bearish rebound.

The EURUSD pair settles on strong gains during its latest intraday trading, supported by the emergence of positive signals from the relative strength indicators, which helped the price to breach short-term minor bearish trend line, reinforcing the bullish momentum.

Despite this improvement, the bearish trend remains dominant amid the continuation of the negative pressure due to the trading below EMA50, which might limit the chances of its full recovery in the near period.