Brent crude oil kept declining in its recent intraday trading, to lean on a main bullish trend line on the short-term basis, as a last attempt to gain bullish momentum to help it recover and rise again, especially with the emergence of positive signals from the relative strength indicators after reaching oversold levels, surpassing the support of EMA50, which put it under negative pressure that threatens the chances of its recovery.
Bitcoin (BTCUSD) settles with gains in recent intraday trading, attempting to breach bearish corrective trend line on short-term basis, accompanied by its attempt to get rid of the negative momentum of EMA50, announcing its full recovery with the emergence of positive signals from the relative strength indicators, despite reaching overbought levels.
Crude oil declined during recent intraday trading, amid the attempts of looking for higher low that might help it to recover, amid the continuation of the dynamic support that is represented by its trading above EMA50, providing renewed positive momentum that reinforces the strength of the main bullish trend on short-term basis, besides forming positive divergence on the relative strength indicators, increasing the chances of the price recovery on the near-term basis.
Silver is rising to confirm breaching the key resistance at $74.00, supported by its trading above EMA50, providing supportive base for the stability and dominance of bullish corrective wave on short-term basis, with its trading alongside trendline, after offloading its overbought conditions on the relative strength indicators, opening the way for expanding these gains on the near-term basis.