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Forecast update for Brent crude oil -16-07-2025

Economies.com
2025-07-16 11:33AM UTC
AI Summary
  • Brent crude oil price declined due to negative pressure and breaking a main bullish trend line on the short-term basis
  • Negative signals on the RSI indicate intensifying negative pressure on upcoming moves
  • Price successfully offloaded oversold conditions but still facing challenges

The price of (Brent) declined in its last intraday levels, amid the continuation of the negative pressure due to its trading below its EMA50, breaking a main bullish trend line on the short-term basis, intensifying the negative pressure on its upcoming moves, especially with the emergence of the negative signals on the (RSI), after the price success in offloading its oversold conditions.

 

 

Forecast update for crude oil -16-07-2025

Economies.com
2025-07-16 11:22AM UTC

The price of (crude oil) declined in its last intraday trading, affected by breaking a main bullish trend line on a short-term basis, with the continuation of the negative pressure due to its trading below EMA50, besides the emergence of the negative signals on the (RSI), after offloading the oversold conditions previously, which opens the way for recording more of the losses.

 

 

Forecast update for Silver -16-07-2025

Economies.com
2025-07-16 11:22AM UTC

The price of (Silver) declined in its last intraday trading, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the continuation of the positive pressure due to its trading above EMA50, besides the emergence of the positive signals on the (RSI), after reaching oversold levels, which makes the price attempt to gather some of the positive momentum to assist it to recover.

 

 

Forecast update for Gold -16-07-2025

Economies.com
2025-07-16 11:22AM UTC

The price of (Gold) declined in its last intraday trading, attempting to gain a bullish momentum that might assist it to rise again, taking advantage of the dynamic support that is represented by 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, besides the emergence of the positive signals on the (RSI), after reaching oversold areas.

 

 

Frequently asked questions

What is the price of Brent Oil today?

The price of Brent Oil is $68.52 (2025-07-17 03:14AM UTC)