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Forecast update for Brent crude oil -08-09-2025

Economies.com
2025-09-08 10:47AM UTC
AI Summary
  • Crude oil prices have been gaining momentum, reaching the key resistance level at $62.85, with a potential for full recovery on a near-term basis.
  • BestTradingSignal.com offers high-accuracy trading signals for US stocks, cryptocurrencies, forex, and VIP signals for gold, oil, forex, bitcoin, ethereum, and indices, with subscription packages starting from €44/month.

Crude oil prices extended their gains during recent intraday trading, reaching our morning target of retesting the key resistance level at $62.85, supported by the price attempts to correct the main bearish trend on the short-term basis, amid the continuation of the dynamic resistance in its trading below EMA50,  increasing the chances for the price full recovery on the near-term basis, noticing that the (RSI) indicators reached overbought levels.

 

 

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Forecast update for crude oil -08-09-2025

Economies.com
2025-09-08 10:43AM UTC

Crude oil prices extended their gains during recent intraday trading, reaching our morning target of retesting the key resistance level at $62.85, supported by the emergence of positive signals from the (RSI) indicators.

 

However, we observe that the RSI has reached extremely overbought levels compared to the price movement, which is a bearish signal indicating a loss of positive momentum surrounding the price, amid the continued downward pressure as the price trades below its EMA50, and under the control of the overall short-term downtrend.

 

 

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Forecast update for Silver -08-09-2025

Economies.com
2025-09-08 10:40AM UTC

The price of (Silver) rose in its last intraday trading, preparing to attack the critical resistance at $41.45, supported by the positive signals on the (RSI), after reaching oversold levels, and under the main bullish trend on the short-term basis, and its trading alongside supportive bias line, taking advantage of the dynamic support that is represented by its trading above EMA50, providing renewed momentum on the intraday basis.

 

 

 

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Forecast update for Gold -08-09-2025

Economies.com
2025-09-08 10:36AM UTC

The price of (Gold) extended its gains on its last intraday levels, recovering new historical peak, breaching the main resistance at $3,600, to settle above it to confirm breaching it technically, supported by the dominance of the main bullish trend  and its trading alongside supportive bias for this track, besides its success in offloading its clear overbought conditions on the (RSI), opening the way for achieving new gains.

 

 

 

VIP Trading Signals Performance by BestTradingSignal.com (September 1–5, 2025)

 

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