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Forecast update for Brent crude oil -07-07-2025

Economies.com
2025-07-07 11:44AM UTC
AI Summary
  • Brent crude oil price rose in last intraday trading, leaning on EMA50 for positive momentum
  • Price expected to attack key resistance level at $68.70, supported by positive RSI signals
  • Positive divergence intensifying stability of bullish track for Brent crude oil

The price of (Brent) rose in its last intraday trading, due to the effect of its lean on the support of its EMA50, providing positive momentum that assisted it to recover its early losses for today, getting ready to attack the key resistance level at $68.70, supported by the emergence of the positive signals of the (RSI), after reaching oversold levels, to form a positive divergence that intensify the stability of the bullish track.

Forecast update for crude oil -07-07-2025

Economies.com
2025-07-07 11:25AM UTC

The price of (crude oil) managed to recover quickly from the losses that happened in the opening of its morning trading, after its lean on the support of its EMA50, providing positive momentum that assisted it to rebound to clear all the early losses, to settle above the resistance level of $66.00 again, with the beginning of the positive signals emergence on the (RSI), after reaching oversold levels.

 

 

 

Forecast update for Silver -07-07-2025

Economies.com
2025-07-07 11:25AM UTC

The price of (Silver) declined in its last intraday trading, amid the emergence of the negative signals on the (RSI), attempting to gain a positive momentum that might assist it to recover and rise again, to lean on the support of EMA50, providing some of this positive momentum that assisted it to stop the morning losses, amid the dominance of the main bullish trend and its trading alongside a minor bias line on the sort-term basis.

 

 

 

Forecast update for Gold -07-07-2025

Economies.com
2025-07-07 11:25AM UTC

The price of (Gold) settled low in its last intraday trading, due to the continuous negative pressure that comes from its trading above the EMA50, and under the dominance of the bearish trend on the short-term basis and its trading alongside a bias line, besides the continuation of the negative signals from the (RSI), reaching oversold levels, considering it as a weak sign for the negative momentum decrease.

 

 

Frequently asked questions

What is the price of Brent Oil today?

The price of Brent Oil is $69.49 (2025-07-08 14:14PM UTC)