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Brent crude oil declines affected by its current resistance- Analysis-07-07-2025

Economies.com
2025-07-07 03:58AM UTC
AI Summary
  • Brent crude oil price declined due to resistance at $68.70
  • Negative signals on RSI and surpassing EMA50 support increased negative pressure
  • Recovery of Brent crude oil price is prevented by these factors

The (Brent) price settled low in its last intraday levels, due to the stability of the resistance level at $68.70, which put it under negative pressure, especially with the emergence of the negative signals on the (RSI), after reaching overbought levels, to surpass the support of its EMA50, increasing the negative pressure that prevents its recovery.

 

 

 

Silver Price attempts to gain positive momentum-Analysis-07-07-2025

Economies.com
2025-07-07 03:58AM UTC

The (silver) price declined in its last intraday trading, with the emerging of the negative signals on the (RSI), after reaching overbought levels lower that the price current move, to form a negative divergens that caused a pressure on the current trading, on the other hand, the price take 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 under negative pressure -Analysis-07-07-2025

Economies.com
2025-07-07 03:46AM UTC

The (USDCHF) price rose slightly in its last intraday trading, supported by the emergence of the positive signals on the (RSI), reaching exaggerated overbought levels compared to the price move, representing weakness sign that increase the negative pressure on the price, these pressures are represented by the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50.

 

 

 

The NZDUSD continues its correctional decline -Analysis-07-07-2025

Economies.com
2025-07-07 03:46AM UTC

The (NZDUSD) price deepened its losses in its last intraday trading, by its affection by the formation of a negative technical pattern previously on the short-term basis, which is the head and shoulders pattern, and there is negative pressure due to its continuous trading below EMA50, besides the emergence of the negative signals on the (RSI), despite reaching oversold levels.

 

 

 

Frequently asked questions

What is the price of Brent Oil today?

The price of Brent Oil is $68.79 (2025-07-07 10:54AM UTC)