Forecast update for Brent crude oil -23-05-2025

The price of (Crude oil) witnessed fluctuated move in a tight sideways range trading, and the price managed to offload its oversold condition on the (RSI) affected by its exit from a bullish channel’s range on the short-term basis, with the continuation of the negative pressure due to its trading below its EMA50.

The price of (silver) settled on a rise in its recent intraday trading, affected by leaning on the support of its EMA50 previously, providing positive momentum that assisted it to rise, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels, amid the dominance of the bullish trend on the short-term trend.

The price of (Gold) rose in its recent intraday trading, after its stability above $3,300, amid its trading alongside a minor bullish trend line on the short-term basis, with the emergence of the positive signals on the (RSI), after reaching oversold levels.