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Crude oil prices attempt to offload its oversold conditions-Analysis-05-08-2025

Economies.com
2025-08-05 02:59AM UTC
AI Summary
  • Crude oil prices settled on slight gains in attempt to recover previous losses, taking advantage of stability at $66.85 support level
  • Recovery comes amid attempt to offload oversold condition on RSI, but price remains under negative pressure trading below EMA50
  • 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 on slight gains in its last intraday trading, in attempt to recover some of its previous losses, taking advantage of the stability of the critical support at $66.85, which provides some bullish momentum.

 

This recovery comes amid the attempt to offload the clear oversold condition on the (RSI), especially with the emergence of the positive signals, but the price remains under negative pressure by its trading below EMA50, besides its affection by a minor sharp bearish wave on the short-term basis.

 

 

 

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Gold price breaches its current resistance -Analysis-05-08-2025

Economies.com
2025-08-05 02:59AM UTC

The (Gold) price rose in its last intraday trading, to breach the current resistance at $3,375 level, as a signal for the strength of the dominant bullish momentum on the intraday trading.

 

This rise came due to offloading the clear overbought conditions on the (RSI), which opened the way for resuming the gains, supported by the dynamic support that comes from its stability above EMA50, affected by strong minor bullish wave that supports the positive track on the short-term basis. 

 

 

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

 

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EURUSD attempts to gain positive momentum-Analysis-05-08-2025

Economies.com
2025-08-05 02:59AM UTC

The (EURUSD) fluctuated in its last intraday levels, affected by the stability of the strong resistance at 1.1575 level, besides the continuation of the negative pressure due to its stability below EMA50, indicating the continuation of the fluctuation and the dominance selling pressures on the trading.

 

The price attempts to take advantage of dominant minor bullish wave on the intraday basis, to catch its breath and collect the required bullish momentum to breach the mentioned resistance, accompanied by its attempts to offload the clear overbought conditions on the (RSI), especially with the emergence of negative signals, which makes the upcoming trading depend on the price reaction near the critical range.

 

 

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Evening update for Bitcoin (BTCUSD) -04-08-2025

Economies.com
2025-08-04 18:13PM UTC

The (BTCUSD) rose strongly on its last intraday levels, to breach the key resistance at $114,500, with the emergence of the positive signals on the (RSI), after offloading the overbought conditions, opening the way for achieving more of the gains, on the other hand, the price remains under the negative pressure that comes from its trading below EMA50, and under the bearish correctional trend on the short-term basis and its trading alongside a supportive bias line for this trend.

 

 

 

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Frequently asked questions

What is the price of Oil today?

The price of Oil is $66.004 (2025-08-05 08:35AM UTC)