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Brent crude oil breaches a significant resistance- Analysis-08-07-2025

Economies.com
2025-07-08 04:32AM UTC
AI Summary
  • Brent crude oil has encountered a significant resistance level at $68.70, leading to a decrease in price in recent trading sessions
  • The RSI indicator has shown negative signals after reaching overbought levels, suggesting a potential temporary slowdown in price gains
  • The price of Brent crude oil has been supported by continuous trading above its EMA50 and a minor bullish channel on intraday levels

The (Brent) price settled low in its last intraday levels, due to the stability of the resistance level at $68.70, supported by its continuous trading above its EMA50, and under a minor bullish channel’s wave on the intraday levels, on the other hand, we notice the emergence of the negative signals on the (RSI), after reaching overbought levels, which might decelerate the price gains temporarily.

 

 

Silver Price is surrounded by positive pressures-Analysis-08-07-2025

Economies.com
2025-07-08 04:32AM UTC

The (silver) price settled high in its last intraday trading, taking advantage of the dynamic support that is represented by its trading above its EMA50, and under the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis, beside the emergence of the positive signals on the (RSI), despite reaching overbought levels.

 

 

The USDCHF declines by the effect of significant resistance -Analysis-08-07-2025

Economies.com
2025-07-08 04:04AM UTC

The (USDCHF) price declined in its last intraday trading, due to the stability of the current resistance level at 0.7985, attempting to gain a positive momentum that might assist it to breach this resistance, attempting to offload some of its clear overbought conditions on the (RSI), especially with the emergence of the negative signals from there, amid the positive pressure that comes from its trading above EMA50, and under the dominance of bullish correctional wave on the short-term basis and its trading alongside a bias line.

 

 

 

The NZDUSD is rising beside bearish correctional trend line -Analysis-08-07-2025

Economies.com
2025-07-08 04:04AM UTC

The (NZDUSD) price rose in its last intraday trading, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels, attempting to recover some of its previous losses, amid the continuation of the negative pressure that comes from its trading below EMA50, and under the dominance of bearish correctional wave on the short-term basis and its trading alongside a bias line.

 

 

Frequently asked questions

What is the price of Brent Oil today?

The price of Brent Oil is $69.51 (2025-07-08 11:24AM UTC)