The price of (ETHUSD) declined in its recent intraday trading, with the beginning of the negative signals appearance of the (RSI), after reaching overbought levels, attempting to gain a positive momentum that might assist it to recover and rise again, amid the dominance of a bullish correctional wave on the short-term basis, with the continuation of the positive pressure due to its trading above its EMA50, keeping the stability of the positive scenario for the price move.
The price of (BTCUSD) declined in its intraday levels, due to the stability of the current resistance level at $108,000, with the emergence of the bearish signals on the (RSI), attempting to gain positive momentum that assist it to recover and breach this resistance, amid its affection by its exit from a bearish channel’s range on the short-term basis, supported by its continuous trading above its EMA50, which provides positive momentum.
The price of (Brent) witnessed fluctuated moves in its intraday trading, moving around the critical support level at $66.50, this support provided positive momentum that assisted the price to settle in the last period, to create confused trading area, amid the dominance of the bearish correctional trend on the short-term basis, with the continuation of the negative pressure due to its trading below the EMA50, on the other hand, there are positive signals on the (RSI), therefore, we notice the dominance fluctuation on the price trading.
The price of (crude oil) continued the sideways moves in tight range trading on the intraday levels, creating a fluctuated area in its upcoming trend on the short-term basis by its exit from this area, amid the dominance of its trading below EMA50, on the other hand, we notice the emergence of the positive signals on the (RSI).