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Crude oil is gathering its positive strength -Analysis-08-07-2025

Economies.com
2025-07-08 03:04AM UTC
AI Summary
  • Crude oil experienced a slight decline in intraday trading, but is attempting to gather positive momentum to rise again
  • The price of crude oil remains stable above the significant support level of $66.00, trading above EMA50
  • Negative signals are appearing in the RSI after reaching overbought levels, indicating a potential offloading of conditions

The (crude oil) declined slightly in its last intraday trading, to gather the gains of its previous rises, attempting at the same time to gain positive momentum that might assist it to rise again, noticing the beginning of negative overlapping signals appearance of the (RSI), after reaching overbought levels, to attempt to offload some of these conditions.

 

This comes amid the continuation of the price’s stability above the significant support ay $66.00, with its trading above EMA50, which represents a dynamic support that keeps the stability of the positive scenario.

 

 

 

Gold price gathers its gains -Analysis-08-07-2025

Economies.com
2025-07-08 03:04AM UTC

The (Gold) price declined in its last intraday trading, in a correctional move to gather the gains of its previous rises, attempting to gain a positive momentum that might assist it to rise again, this decline comes amid the price success to surpass the negative pressure that comes from its previous trading below EMA50, to return to trade above it again, reinforcing the bullish overview on the short-term basis.

 

The emergence of the positive signals from the (RSI) after reaching oversold levels supported the recovery attempts, especially after breaching the positive falling wedge pattern that was formed on the intraday levels, opening the way for new bullish moves, conditioned by confirming the stability above the critical support levels.

 

 

 

 

EURUSD attempts to offload its oversold conditions -Analysis-08-07-2025

Economies.com
2025-07-08 03:04AM UTC

The (EURUSD) rose in its last intraday trading, after its success to rebound from the critical support level of 1.1685 that represents our yesterday’s target, this rise came after gaining clear positive momentum that assisted it to recover some of its losses, and attempts to offload some of the clear oversold conditions on the (RSI) especially, with the appearance of the positive signals from them.

 

The price retests the key resistance at 1.1745, accompanied with its reach to the resistance of EMA50, which forms an obstacle against the continuation of the rise, unless confirming a breach above it.

 

 

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

Economies.com
2025-07-07 17:31PM UTC

The (BTCUSD) declined in the last intraday levels, amid the emergence of the negative signals on the (RSI), after reaching overbought levels, exhausting its positive chances that might assist it to recover, to lean on the support level at $108,000, accompanied by its lean on the support of EMA50.

 

 

Frequently asked questions

What is the price of Oil today?

The price of Oil is $68.146 (2025-07-08 14:45PM UTC)