(Crude Oil) slipped lower during its latest intraday trading, as part of a corrective move that led it to find support at its EMA50, which limited selling pressure and gave the price an opportunity to search for a higher low that could form a base for a new upward move.
The chances of recovery increase as a positive crossover begins to emerge on the relative strength indicators after reaching extremely oversold levels, to suggest forming a positive divergence that could support a return of buying momentum. With the short-term uptrend still intact, the prospects of resuming gains remain valid if the price holds above its current support.
(SILVER) rose during its latest intraday trading, with the price attacking the current resistance level at $60.00, benefiting from the dominance of the short-term bullish corrective wave, while moving along a supportive trend line that reinforces the stability of this upward path.
More(GOLD) rose during its latest intraday trading after finding support at its EMA50, regaining its positive momentum and attacking the key resistance level at $4,100, supported by the continued dominance of the short-term bullish corrective wave.
MoreThe EURUSD pair surged during its latest intraday trading, after the key support level at 1.1380 successfully halted selling pressure, giving the pair positive momentum that helped it achieve a limited rebound and recover part of its previous losses.
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