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Brent crude oil attempts to breach stubborn resistance- Analysis-04-07-2025

Economies.com
2025-07-04 04:21AM UTC
AI Summary
  • Brent crude oil is struggling to break through resistance at $68.70
  • The RSI is showing negative signals, indicating potential for a price drop
  • Despite resistance, there is a strong bullish wave on an intraday basis

The (Brent) price declined in its last intraday levels, amid its attempts to gain the suitable bullish momentum to help it to breach its current resistance at $68.70, attempting to offload the clear overbought conditions on the (RSI), especially with the emergence of the negative signals from there, to open the wat for more of the gains, amid the dominance of strong bullish wave on the intraday basis, supported by its trading above EMA50

Silver Price gathers its positive strength-Analysis-04-07-2025

Economies.com
2025-07-04 04:16AM UTC

The (silver) price declined in its last intraday trading, with the emerging of the negative signals on the (RSI), attempting to offload the overbought conditions, to gather its positive strength that might assist it to recover and rise again, taking advantage of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis.

 

 

The USDCHF is showing new negative signs -Analysis-04-07-2025

Economies.com
2025-07-04 04:11AM UTC

The (USDCHF) price declined in its last intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, and under the full dominance of the main bearish trend on the short-term basis, besides the emergence of the negative signals on the (RSI), after reaching overbought levels, but less than the current price move, indicating forming a negative divergence.

 

 

 

The NZDUSD is surrounded by the negative pressure -Analysis-04-07-2025

Economies.com
2025-07-04 04:05AM UTC

The (NZDUSD) price settled with slight gains in its last intraday trading, due to its lean on the support of EMA50, which provided bullish momentum that assisted it to settle against the bearish wave that used it to look for a rising low to rake it as a base to rally higher again, amid the dominance of the main bullish trend on the short-term basis, with the emergence of the bullish signals on the (RSI).

 

 

Frequently asked questions

What is the price of Brent Oil today?

The price of Brent Oil is $68.30 (2025-07-04 19:24PM UTC)