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Forecast update for Brent crude oil -08-07-2025

Economies.com
2025-07-08 11:56AM UTC
AI Summary
  • Brent crude oil price fluctuated in last intraday trading due to negative signals on RSI and positive support above EMA50
  • Price confirmed breaching current resistance at $68.70, signaling potential momentum to rise

The price of (Brent) fluctuated in its last intraday trading, due to the emergence of the negative signals on the (RSI), after reaching overbought levels to attempt to offload this condition, besides the continuation of the positive support due to its trading above EMA50, despite the fluctuation the price confirms breaching the current resistance at $68.70 by holding above it, providing strong positive signal for the price momentum to rise.

 

 

Forecast update for crude oil -08-07-2025

Economies.com
2025-07-08 11:23AM UTC

The price of (crude oil) rose slightly in its last intraday levels, amid fluctuating trading that assisted it to offload its overbought conditions on the (RSI), these conditions prevent the rise amid its stability above the key support level at $66.00, taking advantage of the dynamic support that is represented by its stability above EMA50.

 

 

Forecast update for Silver -08-07-2025

Economies.com
2025-07-08 11:23AM UTC

The price of (Silver) witnessed fluctuated trading in its last intraday levels, amid the continuation of the positive pressure that comes from 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, which makes this positive scenario stable dynamically, on the other hand, we notice the emergence of negative overlapping signals after reaching overbought levels, which decelerate the upside track due to its neediness to offload some of these overbought conditions.

 

 

Forecast update for Gold -08-07-2025

Economies.com
2025-07-08 11:22AM UTC

The price of (Gold) settled low in its last intraday trading, after it succeeded in early trading in offloading some of its clear overbought conditions on the (RSI), which allows it to achieve new gains easily, where it leans on the support of its EMA50 amid its affection by positive technical formation on the intraday level, represented by the falling wedge pattern, providing positive momentum that allows it to rise on the intraday basis.

 

 

Frequently asked questions

What is the price of Brent Oil today?

The price of Brent Oil is $70.30 (2025-07-09 15:24PM UTC)