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Forecast update for Brent crude oil -18-07-2025

Economies.com
2025-07-18 12:22PM UTC
AI Summary
  • BTCUSD settled low due to resistance at $120,000, trying to gain positive momentum and offload overbought conditions on RSI
  • Positive support from trading above EMA50 and main bullish trend on short-term basis
  • Negative signals emerging, but still potential for breach of resistance level

The price of (Brent) settled high in its last intraday levels, where it declined in an attempt to offload some of its clear overbought conditions on the (RSI), especially with the beginning of negative overlapping signals, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, taking advantage of the dynamic support that is represented by its trading above EMA50, providing positive momentum. 

Forecast update for crude oil -18-07-2025

Economies.com
2025-07-18 12:02PM UTC

The price of (crude oil) settled in its last intraday trading, confirming the positive behavior that began since yesterday, where it surpassed the resistance of EMA50, getting rid of its negative pressure, drawing new bullish track alongside a trend line on the short-term basis, but it might face some obstacles, where we notice the beginning of negative overlapping signals on the (RSI),after reaching overbought levels, which might decelerate its upcoming gains.

 

 

Forecast update for Silver -18-07-2025

Economies.com
2025-07-18 11:54AM UTC

The price of (Silver) rose in its last intraday trading, supported by its continuous trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, on the other hand, we notice the beginning of negative overlapping signals on the (RSI), after reaching overbought levels, which might force the price to bounce lower to offload this overbought condition and gathering the positive momentum.

 

 

Forecast update for Gold -18-07-2025

Economies.com
2025-07-18 11:54AM UTC

The price of (Gold) soars high in its last intraday trading, affected by a positive push after its lean on the support of its EMA50, providing positive momentum that assisted it to achieve the strong gains, amid the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis, on the other hand, we notice the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, which might decelerate the upside track especially when reaching near critical resistance.

 

 

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)