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Forecast update for Brent crude oil -09-07-2025

Economies.com
2025-07-09 12:00PM UTC
AI Summary
  • Brent crude oil price rose in last intraday trading, showing positive signals on the RSI indicator
  • Overbought conditions were offloaded, opening the way for more gains
  • Trading above EMA50 indicates continued positive pressure and potential for further increases

The price of (Brent) rose in its last intraday trading, with the beginning of positive overlapping signal on the (RSI), after the price success in its previous trading to offload the overbought conditions, opening the way for achieving more of the gains, amid its trading alongside a minor bullish trend on the short-term basis, with the continuation of the positive pressure due to its trading above its EMA50.

 

 

Forecast update for crude oil -09-07-2025

Economies.com
2025-07-09 12:00PM UTC

The price of (crude oil)  settled high in its last intraday trading, taking advantage of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the emergence of the positive signals on the (RSI), reinforcing the continuation of the positive trading.

 

 

 

Forecast update for Silver -09-07-2025

Economies.com
2025-07-09 11:12AM UTC

The price of (Silver) settled high in its last intraday trading, due to its lean on the support of its EMA50, accompanied by its trading alongside a minor bullish bias on the short-term basis, providing positive momentum that assisted it to reduce a lot of its early losses for today, with the emergence of the positive signals on the (RSI).

 

 

Forecast update for Gold -09-07-2025

Economies.com
2025-07-09 11:12AM UTC

The price of (Gold) rose in its last intraday trading, attempting to recover some of its previous losses, and it attempts to offload some of its clear overbought conditions that appear on the (RSI), especially with the appearance of the positive overlapping signals from there, amid the continuation of the negative pressure that comes from its trading below EMA50, under the dominance of the bearish correctional trend on the short-term basis, and its trading alongside a bias line.

 

 

 

Frequently asked questions

What is the price of Brent Oil today?

The price of Brent Oil is $70.36 (2025-07-11 23:54PM UTC)