The price of (Brent) settled with slight gains in its last intraday trading, supported by the beginning of the positive signals on the (RSI), with the stability of the significant support level at $66.50, which provides the positive momentum in the last period, which makes the price moves in limited range from the tight sideways trading, due to the dominance of a strong bearish correctional wave, with the continuation of the negative pressure due to its trading below its EMA50.
The price of (ETHUSD) declined in its recent intraday trading, attempting to gain a bullish momentum that assisted it to recover, to breach the critical resistance level at $2,450, so it needs more of the surrounding momentum, amid its affection by breaching a bearish correctional trend line on the short-term basis, taking advantage of the dynamic support that is represented by its trading above EMA50, creating chances for its recovery.
The price of (crude oil) continued the sideways and tight range trading on its last intraday levels, amid the dominance of sharp correctional wave that is surrounded by a strong negative momentum, with the emergence of the negative signals on the (RSI), on the other hand, its trading alongside a main bullish trend line on the short-term basis.
The price of (Silver) settled high in its last intraday trading, after approaching from our morning target at the resistance at $36.85, supported by its trading above its EMA50, affected by forming a positive technical on the short-term basis, which is the rising wedge pattern, reaching these levels represents achieving the target of this pattern, which makes it loses the positive momentum, especially with the emergence of the negative signals on the (RSI), after reaching overbought levels.