Brent crude oil prices declined during recent intraday trading, amid the dominance of bearish corrective wave on the short-term basis, affected by its trading below EMA50, representing dynamic resistance that prevents the chances of sustainable recovery on the near-term basis, especially with the emergence of negative crossover on the relative strength indicators, after reaching exaggerated overbought levels compared to the price move.

Bitcoin (BTCUSD) rose higher during its recent intraday trading, benefiting from the positive momentum due to its trading above EMA50, preparing to attack $77,500 resistance, affected by breaching bearish correction trend line on short-term basis, with the beginning of forming positive divergence on the relative strength indicators after reaching severe oversold levels compared to the price move, with the emergence of positive overlapping signals from them.

Crude Oil price declined during its latest intraday trading, erasing most of its early gains for today after offloading it oversold conditions on the relative strength indicators. Those indicators then reached heavily overbought levels compared to the price movement, signaling that the positive momentum surrounding the price has faded. This comes amid continued negative pressure resulting from trading below EMA50, in addition to the impact of breaking a major ascending trend line on the short-term chart.

Silver price rose slightly in its recent intraday trading after suffering sharp losses during the early movements of today’s session, affected by reaching the resistance of EMA50, accompanied by the stability of the $78.35 resistance level. This forced the price to decline to gain positive momentum that could help it overcome these negative pressures, while the main bullish trend remains dominant in the short term, supported by movement alongside an ascending trend line. In addition, a positive divergence is beginning to form on the relative strength indicators after reaching heavily oversold levels compared to the price movement, along with the emergence of a positive crossover.