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Forecast update for Brent crude oil -18-08-2025

Economies.com
2025-08-18 11:50AM UTC
AI Summary
  • Brent crude oil price declined in last intraday trading due to negative signals and testing resistance levels
  • BestTradingSignal.com offers professional trading signals with high accuracy for US stocks, crypto, forex, and VIP signals
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The price of (Brent) declined in its last intraday trading, after it attempted in its early trading to offload its clear oversold condition on the (RSI), especially with the emergence of the negative signals, testing the resistance of minor bearish trend line on the short-term basis, besides reaching the resistance of its EMA50, intensifying the negative pressure on the price to bounce lower.

 

 

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Forecast update for crude oil -18-08-2025

Economies.com
2025-08-18 11:50AM UTC

The price of (crude oil) settles with limited gains in its last intraday trading, affected by gaining some bullish momentum due to the stability of the key support at $62.00, attempting to offload some of its clear oversold conditions on the (RSI), especially with the emergence of the positive signals, amid its trading below EMA50, adding more negative momentum to the price.

 

 

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Forecast update for Silver -18-08-2025

Economies.com
2025-08-18 11:50AM UTC

The price of (Silver) settled high in its last intraday trading, retesting the resistance at $38.20, accompanied by retesting minor bullish trend line on the short-term basis, therefore it bounced lower, with the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, exaggeratedly compared to the price move, and it still under negative pressure due to its trading below EMA50.

 

 

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Forecast update for Gold -18-08-2025

Economies.com
2025-08-18 11:49AM UTC

The price of (Gold) declined in its last intraday trading, affected by testing the top of bearish correctional channel that limits the trading on the short-term basis, amid the continuation of the negative pressure that comes from its trading below EMA50, intensifying the negative momentum with the beginning of negative overlapping signals on the (RSI), after reaching overbought levels, eliminating the recovery chances on the near-term basis.

 

 

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Frequently asked questions

What is the price of Brent Oil today?

The price of Brent Oil is $66.88 (2025-08-20 17:36PM UTC)