Crude oil prices extended their early gains during recent intraday trading, to retest the key resistance at $94.70, amid the dominance of bearish corrective wave, affected by breaking main bullish trend on the short-term basis, with a negative and dynamic pressure that is represented by its trading below EMA50, reducing the chances of full recovery on the near-term basis, especially with the relative strength indicators reaching overbought levels, exaggeratedly compared to the price move, with the emergence of negative overlapping signals, to indicate forming negative divergence that intensifies the negative pressure on the price.
Silver witnessed sideways fluctuating trading in tight range during its recent intraday levels, amid the attempts of gaining bullish momentum that might help it to recover and rise again, supported by its trading above EMA50, reinforcing the stability and dominance of the bullish corrective trend on short-term basis, especially with its move alongside supportive trend line for this path, noticing the emergence of positive overlapping signals from the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, indicating the beginning of forming positive divergence.
Gold rose during recent intraday trading, amid the dominance of bullish corrective wave on the short-term basis, supported by its continued trading above EMA50, reinforcing the chances of rising in the near upcoming period, increasing the likelihood of this scenario with the beginning of forming positive momentum by the relative strength indicators, after reaching positive signals from the relative strength indicators.
The (EURUSD) rose in its latest intraday trading, with the emergence of positive divergence on the relative strength indicators, after reaching exaggerated oversold levels compared to the price move, with the emergence of positive signals from the relative strength indicators, amid the dominance of the bullish corrective trend on short-term basis, with the continuation of the positive support due to its trading above EMA50, intensifying the positive pressure that comes from the price.