Brent crude oil surged higher after breaching $75.00 resistance, under the dominance of bullish corrective wave, indicating the strength of this trend, with a positive support due to its trading above EMA50, which represents a base that reinforces the chances of extending the gains in the upcoming near period, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, which might reduce the upcoming gains.

The price of Bitcoin slipped lower in its recent intraday trading, amid the emergence of the negative signals from the relative strength indicators, reaching oversold levels, exaggeratedly compared to the price move, leaning on EMA50’s support, as a last chance for gaining the required bullish momentum to recover and rise again, amid the dominance of the bullish corrective trend on the short-term basis.

Crude Oil settles with strong gains in the last intraday trading, taking advantage of the positive support that comes from its trading above EMA50, reinforcing the chances of extending these gains in the near upcoming period, amid the dominance of strong corrective wave on the short-term basis, despite the stability of the relative strength indicators in the overbought levels, which might reduce the gains.

Silver surrendered to the negative pressures on its latest intraday levels, surpassing EMA50’s support, reducing the chances of the recovery in the near upcoming period, amid the dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line, besides the emergence of the negative signals from the relative strength indicators, after offloading some of its oversold conditions, opening the way for recording more losses in the near upcoming period.