The price of Bitcoin (BTCUSD) rose in its recent intraday trading, attempting to recover some of its previous losses, taking advantage of the technical momentum that comes from the beginning of positive overlapping signals on the (RSI), after reaching exaggerated oversold levels, indicating the price attempts to offload this condition on a short-term basis.

Despite this limited technical improvement, the bearish correctional trend remains the dominant on the price move with its trading alongside a minor bias line, and the continuation of the negative pressure that came from its stability below EMA50, keeping the possibilities for facing new bearish waves unless they reach this average and hold above it.

The (crude oil) witnessed fluctuated moves in its last intraday trading, affected by the escalation of geopolitical tensions in the middle east, where it opened this week trading with strong rise that pushed the price to breach the critical resistance level on $75.00, but this decline didn’t remain for long time, as it rebounded and surrendered big amount of its gains, due to quick gathering gains process or the cautious of the traders after the initial jump.

Despite this decline, the price remains stable above $75.00 level, while closing above this level will keep the possibility of confirming this breach, with the continuation of the bullish trend on the short-term basis, besides the emergence of the positive signals on the (RSI), after its previous reach to oversold levels.

The (Gold) price declined in its last intraday trading, after it opened its trading with gains couldn’t keep it, to bounce back quickly and turn it to losses, this came after reaching the resistance of the EMA50, forming a dynamic barrier against the rising attempts.

This decline is caused by breaking a bullish trend line on the short-term basis, as a signal for the weakness of the bullish momentum, accompanied by the emergence of the negative signals on the (RSI), which reached exaggerated overbought level, suggesting the beginning of forming a negative divergence that reinforces the chances for the continuation of the bearish track on the near term basis.

The (EURUSD) declined in its last intraday trading, affected by its exit from a minor bullish channel range that was supporting its previous moves on the short-term basis, which led to changing the trend to the downside temporarily.

This decline is accompanied by the emergence of the negative signals on the (RSI), after reaching exaggerated overbought levels, which increased the possibilities for the correction, this negative pressure was caused by breaking the support of EMA50, easing the way for declining on the intraday basis, unless regaining the balance above the significant technical levels quickly.