The price of (crude oil) continues its fluctuating trading on its last intraday trading, affected by its leaning on minor trend line support on the short-term basis, supported by the emergence of positive signals from relative strength indicators, which helped the price to settle after steep bearish wave on short-term basis, beside the negative pressure due to its trading below EMA50 that prevents the price recovery.
The price of (silver) keeps its early gains on its last intraday levels, retesting previously broken main bullish trend line on short-term basis, amid the continuation of the dynamic pressure that is represented by its trading below EMA50, reducing the chances of sustainable recovery on near-term basis, especially with the relative strength indicators reaching overbought level, exaggeratedly compared to the price move, indicating a quick fading to the bullish momentum.
The price of gold extended its early gains on its last intraday levels, supported by the emergence of positive signals from relative strength indicators, noticing that these indicators have entered overbought levels, exaggeratedly compared to the price move, indicating a quick decline in the bullish momentum, and it retests the previously broken minor bullish trend line, besides the continuation of the negative pressure due to its trading below EMA50, which threatens any current or upcoming gains.
The price of EURUSD surrendered to negative pressure on its last intraday levels, after it managed to offload some of its oversold conditions, to lose the bullish momentum that helped it to recover some of its previous losses in its early moves, amid the dominance of steep bearish wave on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of a recovery on near period.