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Forecast update for Brent crude oil -23-06-2025

Economies.com
2025-06-23 11:42AM UTC

The price of (Brent) declined in its last intraday trading, attempting to gain a positive momentum that might assist it to recover and rise again, and attempts to offload some of its clear overbought conditions on the (RSI), especially with the beginning of the emergence of the main bullish trend and its trading alongside a minor bias line on the short-term basis, with its trading above EMA50, increasing the positive pressure.

Forecast update for crude oil -23-06-2025

Economies.com
2025-06-23 11:42AM UTC

The price of (crude oil) declined in its recent intraday trading, affected by the stability of the critical resistance at $75.00, with the emergence of the negative signals on the (RSI), attempting to gain the required positive momentum that assists it to breach the resistance, amid the dominance of the main bullish trend on the short-term basis and its trading above EMA50, which forms a dynamic support that assists the stability of the positive scenario.

 

 

Forecast update for Silver -23-06-2025

Economies.com
2025-06-23 11:42AM UTC

The price of (Silver) rose in its last intraday trading, supported by the emergence of the positive signals on the (RSI), to notice entering exaggerated overbought levels compared by the price move, which suggest losing the positive momentum, amid the continuation of the negative pressure due to its trading below its EMA50, besides its affection by breaking a minor bullish trend line on the short-term basis and the dominance of a bearish correctional wave.

 

 

Forecast update for Gold -23-06-2025

Economies.com
2025-06-23 11:41AM UTC

The price of (Gold) fluctuated in its last intraday trading, affected by breaking a bullish trend line on the short-term basis, besides the continuation of the negative pressure due to its trading below its EMA50, which represents a dynamic resistance that turns to the upside, with the emergence of the negative signals on the (RSI), which suggest extending the current negativity in the upcoming moves.

 

 

Frequently asked questions

What is the price of Brent Oil today?

The price of Brent Oil is $66.59 (2025-08-08 23:54PM UTC)