The (crude oil) witnessed fluctuated trading in its last intraday trading, amid the continuation of the main bullish trend on the short-term basis, which appears by the price move within main and minor bias lines, besides the continuation to trade above its EMA50, providing continued technical support.
On the other hand, there is weakness in the bullish momentum, due to the emergence of the negative signals on the (RSI), after reaching clear overbought levels, which led to fluctuated trading, where the price attempts to offload this overbought condition and gather its strength again to return to its bullish wave, getting stability and support from the technical momentum.
The price of Bitcoin (BTCUSD) declined in its recent intraday trading, affected by the negative pressure that comes from its trading below its EMA50, which reflects weakness in the bullish momentum on the short-term basis.
Despite this decline, the price remains moving with the main bullish trend alongside a bias line, indicates the possibility to keep its overall bullish momentum, especially with the continuation of its attempts to look for a higher low to be a new rising point, reinforced by the optimistic signs that come from the (RSI), with the emergence of the positive signals from there, supporting a near rebound and resuming the bullish track.
The (BTCUSD) declined in its last intraday trading, leaning on the support of the main bullish trend line on the short-term basis, on the other hand, the negative pressure comes from its trading below EMA50, with the beginning of the negative signals on the (RSI), after the price success in offloading its oversold level, increasing the negative pressure on the price.
The (crude oil) witnessed fluctuated trading in its last intraday trading, attempting to gain a positive momentum that might assist keeping the main bullish trend on the short-term basis amid its trading alongside a bias line, with the continuation of the positive pressure that come from its trading above EMA50, besides the beginning of positive overlapping signals on the (RSI), after its success to offload the overbought conditions.