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Crude oil prices are under negative pressure-Analysis-08-08-2025

Economies.com
2025-08-08 02:12AM UTC
AI Summary
  • Crude oil prices settled at sharp losses due to negative pressure from stability below EMA50 and minor bearish wave
  • Negative signals on RSI indicate continuation of pressure unless strong bouncing attempts are made
  • BestTradingSignal.com offers high-accuracy trading signals for US stocks, crypto, forex, and VIP signals for gold, oil, forex, bitcoin, ethereum, and indices

The (crude oil) price settled at sharp losses in its last intraday trading, affected by the continuation of the negative pressure from its stability below EMA50, and it remains under the dominance of minor bearish wave on the short-term basis, moving alongside bearish bias line, indicating the strength of the dominant negative momentum.

 

The emergence of the negative signals on the (RSI) reinforces this technical scene, despite entering oversold levels, indicating the continuation of the pressure unless witnessing strong bouncing attempts to break the dominant bearish track.

 

 

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Gold price declines affected by main resistance -Analysis-08-08-2025

Economies.com
2025-08-08 02:07AM UTC

The (Gold) price declined in its last intraday trading, after hitting the main resistance level at $3,400, which represents our potential target in our previous report. This decline came due to the stability of this resistance, attempting to gain positive momentum that might allow it to breach this level.

 

At the same time, gold price attempts to offload the clear overbought condition on the (RSI), especially with the beginning of negative signals, despite the continuation of the minor bullish wave on the short-term basis, indicating the strength of the dominant positive trend until now.

 

 

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VIP Trading Signals Performance – July 28 – August 1, 2025

 

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EURUSD is attacking stubborn resistance-Analysis-08-08-2025

Economies.com
2025-08-08 02:01AM UTC

The (EURUSD) settled with strong gains in its last intraday trading, attacking the stubborn significant resistance at 1.1670, amid the dominance of strong bullish wave on the short-term basis, supported by its trading above EMA50, indicating the continuation of the positive momentum.

 

This trend is supported by the bullish overlapping signals on the (RSI), after offloading the overbought condition, opening the way for achieving more of the gains on the intraday basis, waiting for clear breach for the resistance to open the way for higher targets.

 

 

 

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VIP Trading Signals Performance – July 28 – August 1, 2025

 

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

Economies.com
2025-08-07 18:14PM UTC

The (BTCUSD) rose in its last intraday trading, in attempt to gain positive momentum to help it to achieve strong bullish wave, amid the continuation of the positive support that comes from its trading above EMA50, under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, besides the emergence of the positive signals on the (RSI), after its success in offloading its overbought conditions.

 

 

 

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VIP Trading Signals Performance – July 28 – August 1, 2025

 

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Frequently asked questions

What is the price of Oil today?

The price of Oil is $63.349 (2025-08-08 23:05PM UTC)