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Forecast update for Brent crude oil -22-07-2025

Economies.com
2025-07-22 12:26PM UTC
AI Summary
  • Brent crude oil price declined due to negative pressure from trading below EMA50 and offloading overbought conditions on RSI
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The price of (Brent) declined in its last intraday levels, amid the continuation of the negative pressure that comes from its trading below EMA50, which prevents the price recovery on the intraday levels, especially after offloading its clear overbought conditions on the (RSI), intensifying the negative pressure and noticing the emergence of the negative signals again, to break main bullish trend line that was supporting its previous positive trading, which might reinforce the price decline in its upcoming trading.

 

 

 

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Forecast update for crude oil -22-07-2025

Economies.com
2025-07-22 12:07PM UTC

The price of (crude oil) settled in its last intraday trading, settled below $65.60 support with the continuation of the negative pressure that comes from its trading below its EMA50, besides the emergence of the negative signals on the (RSI), after the price success in offloading its oversold conditions, reinforcing the negative scenario.

 

 

 

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Forecast update for Silver -22-07-2025

Economies.com
2025-07-22 12:00PM UTC

The price of (Silver) rose slightly in its last intraday trading, preparing to attack the critical resistance level at $39.00, taking advantage of offloading the overbought conditions that were clear on the (RSI) previously, opening the way for achieving more of the gains, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a supportive bias line for today.

 

 

 

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Forecast update for Gold -22-07-2025

Economies.com
2025-07-22 12:00PM UTC

The price of (Gold) rose with difficulty on its last intraday trading, preparing to attack the main resistance level at $3,400, supported by its trading above EMA50, under the dominance of the bullish trend on the EMA50, and its trading alongside a minor bias line on the short-term basis, besides offloading its overbought conditions on the (RSI), to enter oversold levels, representing a strong sign for the weakness of the negative momentum and replace it by the bullish scenario where it opens the way for achieving more of the gains.

 

 

 

 

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Frequently asked questions

What is the price of Brent Oil today?

The price of Brent Oil is $68.67 (2025-07-23 21:54PM UTC)