Forecast update for Brent crude oil -21-05-2025

The price of (crude oil) settled on a slight gains in its recent intraday trading, attempting to gain positive momentum that might assist it to breach the key resistance at $63.50, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside bias line, with the continuation of the dynamic support that is represented by its trading above its EMA50.

The price of (silver) rose in its recent intraday trading, amid the continuation of yhe positive pressure due to its trading above the EMA50, affected by breaching a minor bearish bias line on the short-term basis, reinforcing the bullish scenario, on the other hand, we notice the emergence of the negative signals on the (RSI), after reaching the overbought levels, which might decrease the upcoming gains.

The price of (gold) declined in its recent intraday trading, in a natural correctional move look like a truce to catch the breath, after a previous strong bullish wave, this decline comes within the price’s attempts to gather the gains and its strength to rally towards higher levels, especially, with its stability within a sharp bullish trend on the short-term basis, moving alongside a minor bias line.