Forecast update for Brent crude oil -01-09-2025
AI Summary
- Brent crude oil price is expected to attack the critical resistance level at $68.50, supported by positive signals on the RSI and trading above EMA50
- BestTradingSignal.com offers high-accuracy trading signals for US stocks, cryptocurrencies, forex, and VIP signals for gold, oil, forex, bitcoin, ethereum, and indices
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The price of (Brent) soars high in its last intraday trading, preparing to attack the critical resistance level at $68.50, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels, with the continuation of the positive and dynamic pressure that is represented by its trading above EMA50, and under the dominance of the bullish correctional trend and its trading alongside a supportive bias line for this track.
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Forecast update for crude oil -01-09-2025
The price of (crude oil) soars high in its last intraday trading, due to its lean on bullish correctional bias line on the short-term basis, gaining bullish momentum that helped it to achieve these strong gains, especially with the emergence of the positive signals on the (RSI), after reaching oversold levels, preparing to reach our morning target at the key resistance at $65.00.
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Forecast update for Silver -01-09-2025
The price of (Silver) continued the rise in its last intraday trading, due to the dominance of the main bullish trend on the short-term basis and its move alongside main and minor bias lines, with the continuation of the positive pressure that comes from its trading above EMA50, on the other hand, we notice the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, accompanied by the weakness of the rise on the intraday basis, which makes us witness some correctional rebounds to gather the gains and offload this overbought condition.
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Forecast update for Gold -01-09-2025
The price of (Gold) declined in its last intraday trading, gather the gains of its previous rises, and attempts to offload some of its clear overbought level on the (RSI), especially with the emergence of the negative signals, in a natural technical correctional move to gather the required positive momentum to recover and resume its rise again, amid the dominance of the main bullish trend on the short-term basis and its trading alongside minor and main bias lines that support this track.
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