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Forecast update for Brent crude oil -29-07-2025

Economies.com
2025-07-29 12:17PM UTC
AI Summary
  • Brent crude oil price experienced a decline in trading, but is attempting to gain a bullish momentum to stabilize its bullish track
  • BestTradingSignal.com offers professional trading signals for various markets, including US stocks, crypto, forex, and VIP signals for gold, oil, forex, bitcoin, ethereum, and indices
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The price of (Brent) witnessed a decline in its last trading on the intraday levels, amid the continuation of the positive pressure that comes from its trading above EMA50, affected by breaching a minor bearish bias line on the short-term basis, attempting to gain a bullish momentum that assists the stability of the bullish track, attempting to offload its clear overbought conditions on the (RSI), with the emergence of the negative signals from there.

 

 

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Forecast update for crude oil -29-07-2025

Economies.com
2025-07-29 12:08PM UTC

The price of (crude oil) declined in tight sideways trading on its last intraday levels, to gain positive momentum that might help it to confirm breaching the current resistance level at $66.55, attempting to clear overbought signals on the (RSI), especially with the beginning of the negative signals emergence from there, affected by breaching a minor bullish bias line on the short-term basis, supported by its continuous trading above EMA50,forming a dynamic support that assist the stability of the bullish track.

 

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Forecast update for Silver -29-07-2025

Economies.com
2025-07-29 12:08PM UTC

The price of (Silver) witnessed tight and sideways trading in its last intraday levels, amid the emergence of the positive signals on the (RSI), with the dominance of bearish correctional wave, and its affection by breaking minor bullish trend line on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, which make the price confused by looking for its upcoming trend and there is a potential decline, especially with the (RSI) reach to the overbought levels, indicating the end of the bullish momentum gradually.

 

 

 

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Weekly performance report available here: Signals Performance – Week of July 21–25, 2025

Forecast update for Gold -29-07-2025

Economies.com
2025-07-29 12:07PM UTC

The price of (Gold) rose on its last intraday trading, supported by the stability of the support at $3,310 by the emergence of the positive signals on the (RSI), after reaching oversold levels to notice its reach to oversold levels, indicating the end of the bullish momentum and that appeared on the candles of the intraday basis, amid its affected by surpassing bullish channel’s range on the short-term basis. 

 

 

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Weekly performance report available here: Signals Performance – Week of July 21–25, 2025

Frequently asked questions

What is the price of Brent Oil today?

The price of Brent Oil is $69.67 (2025-08-01 23:54PM UTC)