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Forecast update for Brent crude oil -17-07-2025

Economies.com
2025-07-17 12:09PM UTC
AI Summary
  • Brent crude oil price rose in last intraday levels, trading below EMA50 with negative signals on RSI
  • Support line of main bullish trend line on short-term basis is a key factor to watch
  • Forecast remains uncertain due to conflicting technical indicators and market conditions

The price of (Brent) rose in its last intraday levels, confined in a confused area between the hammer that is represented by its trading below EMA50, with the beginning of negative overlapping signals on the (RSI), after reaching overbought levels, and the anvil that is represented by the support line of a main bullish trend line on the short-term basis.

 

 

Forecast update for crude oil -17-07-2025

Economies.com
2025-07-17 12:09PM UTC

The price of (crude oil) witnessed calm trading in its last intraday levels, amid its affection by breaking a main bullish trend line previously, with the continuation of the negative pressure that comes from its trading below EMA50, besides the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, indicating the price approach from beginning a new bearish wave.

 

 

Forecast update for Silver -17-07-2025

Economies.com
2025-07-17 12:09PM UTC

The price of (Silver) declined in its last intraday trading, amid the price attempts to look for a rising low to take it as a base that might help it to gain the required bullish momentum for its recovery, amid the continuation of the dynamic support that is represented by its trading above EMA50, which prevents the price’s intraday decline and assist the stability of the positive scenario, especially amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.

 

 

 

Forecast update for Gold -17-07-2025

Economies.com
2025-07-17 12:08PM UTC

The price of (Gold) declined in its last intraday trading, amid the emergence of the negative signals on the (RSI), surpassing the support of its EAM50, putting it under negative pressure temporarily, amid the attempts of gaining positive momentum that might assist it to recover and rise again, amid its trading alongside a minor bullish trend line on the short-term basis.

 

Frequently asked questions

What is the price of Brent Oil today?

The price of Brent Oil is $69.28 (2025-07-18 23:54PM UTC)