Bitcoin (BTCUSD) surged higher during recent intraday trading, breaching the top level of bearish corrective channel’s range that constrained its short-term moves.

This breach accompanied by surpassing EMA50’s resistance, which helped it to surpass the previous negative pressure, supported by the emergence of the positive signals from the relative strength indicators, reinforcing the chances of the bullish momentum continuation, and supports the likelihoods of extending the gains in the upcoming near period.

Crude Oil prices fluctuated during recent intraday trading, after the stability of the current resistance at $105.00, where it attempts to gain positive momentum that might help it to breach this barrier, and offloading its overbought conditions on the relative strength indicators, especially with the emergence of negative signals from there, which justifies the current fluctuation.

Despite this performance, the main bullish trend remains dominant on short-term basis, supported by the trading alongside supportive trend line, besides the continuation of the dynamic support that comes from its trading above EMA50, which reinforces the chances of the rise on near-term basis.

Silver price declined slightly during its latest intraday trading, settling at EMA50’s support, providing positive momentum that helped reduce part of its early losses.

This performance comes amid the dominance of a short-term upward corrective wave, along with the formation of a positive divergence on the relative strength indicators after reaching deeply oversold levels compared to price movement, accompanied by positive signals emergence from the indicators, which strengthens the chances of price recovery and the resumption of its bullish movement in the near term.

Gold price declined during its recent intraday trading, using this pullback to rely on the support of a short-term ascending corrective trendline, to gain positive momentum that may support a return to the upside.

This scenario is reinforced by the trading above EMA50, which provides dynamic support and helps maintain the short-term bullish trend. Additionally, the relative strength indicators support this movement, as positive signals are emerging after reaching oversold levels compared to price action, enhancing the chances of a recovery in the near term.