Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Crude oil gets rid of its negative pressures -Analysis-09-05-2025

Economies.com
2025-05-09 03:13AM UTC

Crude oil price rose in its upcoming intraday trading, affected by breaching a main bearish trend line on the short -term basis, supported by its trading above its EAM50, which represents adynamic support fort he upcoming trading, attempting to breach the key resistance level at $59.65 now, to announce the continuation of the bullish correctional trend, on the other hand, we notice the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, which might decrease the price’s gains.

 

Gold leans on bullish trend line -Analysis-09-05-2025

Economies.com
2025-05-09 02:53AM UTC

The gold price rose slightly in its recent intraday trading, after its lean on the support of a bullish trend line on the short-term basis, providing positive momentum, especially with the emergence of positive overlapping signals on the (RSI), after reaching oversold levels.

 

On the other hand, the precious metal remains stable below $3,300, by negative pressure due to its trading below EMA50, which represents a key threshold against the price attempt to recover.

 

 

EURUSD breaks critical support -Analysis-09-05-2025

Economies.com
2025-05-09 02:50AM UTC

The EURUSD settled on a decline in its recent intraday trading, confirming breaking the critical support at 1.1260, reinforcing the continuation of the dominant bearish correctional trend on the short-term basis with the price’s trading alongside the bias line.

 

The pair is still facing extra technical pressure, with its stability below EMA50, besides the continuation of the negative signals emerging on the (RSI), despite its stability within the oversold levels, which indicates the weakness of the positive momentum.

 

 

Evening update for bitcoin -08-05-2025

Economies.com
2025-05-08 17:48PM UTC

The bitcoin price continued the rise in its last intraday trading, supported by the emergence of the positive signals on the (RSI), to surpass the resistance of its EMA50, attacking the critical resistance at $59.65, accompanied by its attempt to breach the main bearish trend line on the short-term basis.