The (crude oil) price settled with cautious gains in its last intraday trading, supported by the emergence of positive signals on the (RSI), to retest the critical resistance at $63.75, accompanied by hitting minor bearish trend line on the short-term basis, monitoring the price movement.
Despite the intraday technical support, the negative pressure remains valid with the continuation of the trading below EMA50, besides the reach of (RSI) to overbought levels, which may confine the prices’ ability to resume the rise unless they breached critical resistance levels.
Get high-accuracy trading signals delivered directly to your Telegram. Subscribe to specialized packages tailored for the world’s top markets:
US Stock Signals from €44/month
Subscribe via TelegramCrypto Signals from €49/month
Subscribe via TelegramForex Signals from €49/month
Subscribe via TelegramVIP Signals (Gold, Oil, Forex, Bitcoin, Ethereum, Indices) from €179/month
Subscribe via TelegramFull performance report available here:
The (Gold) rose in its last intraday trading, in attempt to recover some of its previous losses, taking advantage of offloading the clear oversold conditions on the (RSI), especially with the emergence of positive overlapping signals that support the rebound attempts.
Despite this intraday improvement, the precious metal remains under negative pressure after breaking minor bullish trend line on the short-term basis, and the continuation of the trading below EMA50 reinforces the continuation of the selling pressures and limits the chances of the rise continuation, unless they regain key technical levels.
Get high-accuracy trading signals delivered directly to your Telegram. Subscribe to specialized packages tailored for the world’s top markets:
US Stock Signals from €44/month
Subscribe via TelegramCrypto Signals from €49/month
Subscribe via TelegramForex Signals from €49/month
Subscribe via TelegramVIP Signals (Gold, Oil, Forex, Bitcoin, Ethereum, Indices) from €179/month
Subscribe via TelegramFull performance report available here:
The (EURUSD) settled low in its last intraday trading, keeping its stability at the key support of 1.1610, which represents the negative double top pattern, this level provided positive momentum that assisted the price to recover some of its losses yesterday, attempting to offload the clear oversold conditions on the (RSI), and the beginning of positive overlapping signals appearance reinforces the chances for a rebound.
Despite the continuation of the support due to the trading above EMA50, but the bearish trend remains dominant on the short-term basis, with the trading alongside a bias line that reinforces this decline.
Get high-accuracy trading signals delivered directly to your Telegram. Subscribe to specialized packages tailored for the world’s top markets:
US Stock Signals from €44/month
Subscribe via TelegramCrypto Signals from €49/month
Subscribe via TelegramForex Signals from €49/month
Subscribe via TelegramVIP Signals (Gold, Oil, Forex, Bitcoin, Ethereum, Indices) from €179/month
Subscribe via TelegramFull performance report available here:
The (BTCUSD) declined in its last trading on the intraday levels, in attempt to look for a rising low to take it as a base that might help it to gain the required positive momentum to recover, at the same time it attempts to offload some of its clear overbought condition on the (RSI), especially with the emergence of the negative signals, amid the continuation of the positive pressure due to its trading above EMA50, and under the main bullish trend on the short-term basis, and its trading alongside a supportive minor bias line for this trend.
Get high-accuracy trading signals delivered directly to your Telegram. Subscribe to specialized packages tailored for the world’s top markets:
US Stock Signals from €44/month
Subscribe via TelegramCrypto Signals from €49/month
Subscribe via TelegramForex Signals from €49/month
Subscribe via TelegramVIP Signals (Gold, Oil, Forex, Bitcoin, Ethereum, Indices) from €179/month
Subscribe via TelegramFull performance report available here: