Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Forecast update for Brent crude oil -04-06-2025

Economies.com
2025-06-04 10:45AM UTC

The price of (Brent) rose slightly in its recent intraday trading, to settle above the current resistance level at $65.45, supported by its continues trading above its EMA50, forming a fluctuated support that provides more positive momentum for its bullish movement, especially with the emergence of the positive signals on the (RSI), and the dominance of a strong bullish wave on the short-term basis.

Forecast update for crude oil -04-06-2025

Economies.com
2025-06-04 10:45AM UTC

The price of (crude oil) rose in its recent intraday trading, getting ready to attack the stubborn resistance level at $63.50, with the return of the positive signals on the (RSI), after it succeeded to offload its overbought condition, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside a bias line, taking advantage from its continuous trading above its EMA50, reinforcing the stability of the positive scenario.

Forecast update for Silver -04-06-2025

Economies.com
2025-06-04 10:45AM UTC

The price of (Silver) moves in calm trading within a tight range in its last intraday trading, attempting to gain a positive momentum that might assist it to breach the critical resistance level at $34.50, supported by its trading above its EMA50, and under the main bullish trend on the short-term basis and alongside a bias line, on the other hand, we notice the beginning of the emergence of the negative signals on the (RSI), which decelerate the rise of the price unless breaching this resistance.

 

 

 

Forecast update for Gold -04-06-2025

Economies.com
2025-06-04 10:45AM UTC

The price of (Gold) witnessed fluctuated trading amid its attempts to breach the stubborn resistance level at $3,365, supported by the positive signals on the (RSI), with its trading within a minor bearish channel’s range that confines its trading on the short-term basis, besides the continuation of the dynamic support in its trading above EMA50, and the price attempts to gain positive momentum that assists it to rally in a new bullish wave, and its key is breaching this resistance.

 

 

Frequently asked questions

What is the price of Brent Oil today?

The price of Brent Oil is $65.95 (2025-08-15 19:06PM UTC)