The price of (ETHUSD) declined in its recent intraday trading, affected by the emergence of the negative signals on the (RSI), exhausting its positive opportunity that might assist it to gain the required bullish momentum to recover, where it leans on a bullish correctional bias line on the short-term basis, taking advantage of the dynamic support that is represented by its trading above EMA50,.
The price of (BTCUSD) continued the decline in its intraday levels, attempting to find a rising low to take it as a base that might assist it to gain the required positive momentum to recover and rise again, to reach in its last decline to lean on the support of its EMA50, approaching from the critical support of $106,000, amid the dominance of bullish correctional wave on the short-term basis, with the reach of the (RSI) indicators to oversold levels, exaggeratedly compared to the price move.
The price of (Brent) rose in its last intraday trading, affected by the stability of the critical support level at $66.50, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels, and the price continues its sideways moves on the intraday levels in attempt to detect its upcoming trend on the short-term basis, amid the continuation of the negative pressure due to its trading below EMA50.
The price of (crude oil) rose in its last intraday trading, supported by the emergence of the bullish signals on the (RSI), after reaching oversold levels, despite this rise the price remains moving in limited range of the sideways trading, creating confused area that targets detecting the upcoming track when it exit its range on the short-term basis, amid the dominance of bearish correctional wave on the short-term basis.