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Forecast update for Brent crude oil -21-07-2025

Economies.com
2025-07-21 11:39AM UTC
AI Summary
  • Brent crude oil price declined in last intraday levels, affected by negative pressure and trading below EMA50
  • Positive divergence on RSI and exaggerated oversold levels indicate potential for recovery
  • Main bullish trend on short-term basis suggests positive signals for price movement

The price of (Brent) declined in its last intraday levels, amid its attempts to look for a rising low to take it as a base to gain the required positive momentum to recover, affected by the negative pressure due to its trading below EMA50, with the beginning of forming positive divergence on the (RSI), after reaching exaggerated oversold levels compared to the price move, with the beginning of the positive signals, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.

 

 

Forecast update for crude oil -21-07-2025

Economies.com
2025-07-21 11:38AM UTC

The price of (crude oil) declined in its last intraday trading, with the negative pressure from its trading below EMA50, to lean on the key support at $65.60, in attempt to gain a bullish momentum that might assist it to get rid of its negative pressures, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the emergence of the positive signals on the (RSI), after reaching oversold levels, exaggeratedly compared to the price move, which suggest the beginning of forming a positive divergence.

 

 

 

Forecast update for Silver -21-07-2025

Economies.com
2025-07-21 11:38AM UTC

The price of (Silver) rose 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 that comes from its continuous trading above its EMA50, this rise came after the price success in offloading its overbought conditions on the (RSI), opening the way for more of the intraday gains.

 

 

 

Forecast update for Gold -21-07-2025

Economies.com
2025-07-21 11:38AM UTC

The price of (Gold) settles high in its last intraday trading, attempting to breach the stubborn resistance level at $3,365, taking advantage of the emergence of the positive signals on the (RSI), despite reaching overbought level, which might decelerate the price upcoming gains, and that comes amid the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis.

 

 

 

Frequently asked questions

What is the price of Brent Oil today?

The price of Brent Oil is $68.84 (2025-07-22 19:54PM UTC)