Silver price rose in its last intraday trading, after leaning on the support of EMA50, which provided positive momentum that assisted it to achieve that gains, especially that the price is moving with a bullish correctional trend on the short- term basis, reflecting the attempts of the investors to dominate the trend, with the beginning of positive overlapping signals appearance on the (RSI), after reaching exaggerated oversold levels.
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Brent crude oil witnessed some slight upside rebounds in its last intraday trading, affected by the formation of a previously completed negative technical formation on a short- term basis (double top pattern), and under the domination of the main bearish trend on the short-term basis and its trading alongside trendline.
The price attempts to offload the clear oversold conditions on the (RSI) and attempts to recover some of its previous losses.
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Ethereum (ETHUSD) declined in its last intraday trading, affected by the stability of the stubborn key resistance at $1,800, which still represents a sold technical obstacle against the continuation of the rise, with the emergence of the negative signals on the (RSI), after reaching exaggerated overbought levels.
Despite this weak action on an intraday basis, the wider technical image remains carrying positive signals, especially with the stability of the price above EMA50, and its trading along a bullish correctional trend line.
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Bitcoin (BTCUSD) declined slightly on its last intraday trading, affected by the emergence of the negative signals on the (RSI), after reaching overbought levels, within the price continued attempts to gain positive momentum that might assist to rise in a new bullish wave, amid the continuation of the positive support due to its trading above EMA50, which support the price, and the main bullish trend remains the dominant on the short-term basis and its trading alongside trendline, reinforcing the possibilities for regaining the positive momentum at any moment.
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