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Forecast update for Brent Crude oil -13-05-2025

Economies.com
2025-05-13 09:50AM UTC

The price of (Brent) rose in its recent intraday trading, after it succeeded to find a rising bottom to use it as a base for its recovery, amid its movement alongside a bullish correctional trend line on the short-term basis, supported by its trading above its EMA50, besides entering the (RSI) an exaggerated oversold levels compared by the price movement.

 

 

Forecast update for Crude oil -13-05-2025

Economies.com
2025-05-13 09:42AM UTC

The price of (Crude oil) rose in its recent intraday trading, to settle above the resistance of $61.70 again, in a signal to begin its recovery, amid the dominance of the bullish correctional trend on the short-term basis alongside a bias line, with the (RSI) indicators reach to the oversold levels, exaggeratedly compared by the price move, which indicates the beginning of forming a positive divergence.

 

 

 

Forecast update for silver -13-05-2025

Economies.com
2025-05-13 09:34AM UTC

The price of (silver) rose in its recent intraday trading, surpassing the negative pressure of the EMA50, and supported by the emergence of the positive signals on the (RSI), despite its reach to overbought levels, amid its trading alongside a bullish correctional bias on the short-term basis.

 

 

Forecast update for Gold -13-05-2025

Economies.com
2025-05-13 09:28AM UTC

The price of (Gold) settled on a rise in its recent intraday trading, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels, retesting the resistance level at $3,260, amid the dominance of the bearish correctional trend on the short-term basis, with the continuation of the negative pressure due to its trading below its EMA50.