Forecast update for Brent crude oil -25-08-2025
AI Summary
- Brent crude oil price rose to $68.60, supported by positive technical patterns and signals
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The price of (Brent) rose in its last trading on the intraday levels, attacking our morning the current resistance at $68.60, supported by a positive technical pattern on the short-term basis -the double bottom pattern- amid the continuation of the positive pressure that comes from its trading above EMA50, besides the return of the positive signals on the (RSI), after the price success in offloading its overbought conditions, opening the way for achieving the last gains.
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Forecast update for crude oil -25-08-2025
The price of (crude oil) rose in its last intraday trading, surpassing the critical resistance level at $63.75, supported by its continuous trading above EMA50, besides the emergence of the positive signals on the (RSI), after the price success in offloading its overbought conditions, opening the way towards achieving more gains, this comes amid its affection by positive technical formation on the short- term basis ( double bottom pattern), providing more stability for the positive scenario.
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Forecast update for Silver -25-08-2025
The price of (Silver) declined in its last intraday trading, amid its attempts to gain its previous rises, to gain positive momentum that might assist its recovery and begin strong bullish wave, and offloading its overbought conditions on the (RSI), especially with the emergence of the negative signals from there, amid the dominance of the main bullish trend and its trading alongside a minor supportive bias line for the trend, besides the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the stability of the positive scenario.
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Forecast update for Gold -22-08-2025
The price of (Gold) rose in its last trading on the intraday levels, preparing to attack the current resistance at $3,375, supported by its trading above EMA50, affected by breaching a minor bearish trend line on the short-term basis, reinforcing the stability of the bullish momentum on its near-term basis, on the other hand, we notice the emergence of the negative signals on the (RSI), after reaching overbought levels, reducing the last gains due to its neediness to offload some of this overbought conditions.
VIP Trading Signals Performance by BestTradingSignal.com (August 18–22, 2025)
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