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Crude oil attempts to gain bullish momentum -Analysis-09-07-2025

Economies.com
2025-07-09 03:13AM UTC
AI Summary
  • Crude oil settled low in last intraday trading, with negative signals on RSI indicating a possible negative divergence and temporary price pressure
  • Short-term trend for crude oil remains bullish, supported by trading alongside a trend line and EMA50's support, suggesting potential for new bullish attempts

The (crude oil) settled low in its last intraday trading, accompanied by the emergence of negative overlapping signals on the (RSI), the indicators didn’t reach strong overbought levels, but the contradiction between it and the price move suggests forming a negative divergence, which might form temporary pressure on the price on the near- term basis.

 

The main trend remains bullish on the short-term basis, supported by its trading alongside a trend line, besides the continuation of EMA50’s support, reinforcing the chances for regaining positive momentum and heading towards new bullish attempts.

 

 

 

Gold price declines alongside a bearish correctional trend line -Analysis-09-07-2025

Economies.com
2025-07-09 03:13AM UTC

The (Gold) price continued its decline in its last intraday trading, affected by the dominance of the bearish correctional trend on the short-term basis and trading alongside a bias line, and the negative pressure remains valid due to the price stability below EMA50, indicating weakness in the bullish momentum.

 

On the other hand, the (RSI) indicators began showing positive overlapping after reaching oversold levels, assisting in calming the decline temporarily, and limiting the losses on the near-term basis, if there are extra technical signals to support the upcoming moves.

 

 

EURUSD attempts to offload its oversold conditions -Analysis-09-07-2025

Economies.com
2025-07-09 03:13AM UTC

The (EURUSD) declined slightly in its last intraday trading, with the continuation of the bearish correctional trend domination on the short-term basis, the price is under clear negative pressure due to its trading below EMA50, indicating the bullish momentum currently.

 

The negative signals on the (RSI) assisted in reinforcing the selling pressures, after the price success in offloading the clear oversold levels in the previous periods, opening the way for more correctional moves.

 

 

 

Evening update for Bitcoin (BTCUSD) -08-07-2025

Economies.com
2025-07-08 17:42PM UTC

The (BTCUSD) declined in the last intraday levels, attempting to gain a positive momentum that might assist it to rise again, leaning on the support of its EMA50, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the emergence of the positive signals on the (RSI).

 

 

 

Frequently asked questions

What is the price of Oil today?

The price of Oil is $68.656 (2025-07-09 17:34PM UTC)