Forecast update for Brent crude oil -29-08-2025
AI Summary
- Brent crude oil price rose in last intraday trading, attempting to breach resistance at $67.60
- Positive pressure from trading above EMA50 despite negative signals on RSI
- BestTradingSignal.com offers professional trading signals with high accuracy for various markets and assets, with subscription packages available starting from €44/month.
The price of (Brent) rose in its last intraday trading, amid its attempts to breach the current resistance at $67.60, amid the dominance of the bullish correctional trend on the short-term basis, and its trading alongside a bias line, with the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the stability of this positive scenario, despite the emergence of the negative signals on the (RSI), after entering overbought levels, in an attempt to offload some of this overbought condition.
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Forecast update for crude oil -29-08-2025
The price of (crude oil) rose in its last intraday trading, amid the recovery attempts, taking advantage of the dynamic support that is represented by its trading above EMA50, and under the dominance of the bullish correctional trend on the short-term basis and its trading alongside a supportive bias line, on the other hand, we notice the emergence of the negative signals on the (RSI), after reaching overbought levels, which might decelerate the upcoming gains temporarily.
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Forecast update for Silver -29-08-2025
The price of (Silver) declined in its last intraday trading, attempting to look for a rising low to take it as a base that helped it to gain the required bullish momentum for its recovery and rise again, and it succeeded in offloading its clear overbought condition on the (RSI), opening the way for achieving more of the gains, amid the dominance of the main bullish trend and its trading alongside supportive main and minor bias line for this track.
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Forecast update for Gold -29-08-2025
The price of (Gold) declined in its last intraday trading, amid the attempts of gathering the gains of its previous rises and gaining positive momentum that might help it to recover and rise again, and the price succeeded in offloading its overbought condition on the (RSI), amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the stability of the positive scenario.
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