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Crude oil prices attempt to offload some of its losses -Analysis-16-07-2025

Economies.com
2025-07-16 05:28AM UTC
AI Summary
  • Crude oil prices saw a slight rise in last intraday trading, attempting to recover from previous losses
  • Positive signals on the RSI helped offload oversold conditions
  • Price remains under technical pressure due to trading below EMA50 and breaking main bullish trend

The (crude oil) recorded a slight rise in its last intraday trading, attempting to recover some of its previous losses, supported by positive signals that appear on the (RSI), after it succeeded in offloading the oversold conditions that had reached exaggerated levels previously.

 

Despite this rise, the price remains under clear technical pressure due to its trading below EMA50, besides its negative affection by breaking the main bullish trend on the short-term basis, making any bullish move face fluctuation unless there are strong motivators that support its continuation.

Gold price is getting some support -Analysis-16-07-2025

Economies.com
2025-07-16 05:28AM UTC

The (Gold) price rose in its last intraday trading, taking advantage of its lean on the support of EMA50, which helped to decelerate the previous bearish wave and provide a chance for the price to settle, accompanied by the emergence of positive overlapping signals on the (RSI), after reaching oversold levels.

 

These indicators reinforce the potential recovery attempts, especially with the continuation of the main bullish trend on the short-term basis, and the trading alongside a minor bias line that supports the bullish move, if the bullish momentum continues, we might witness a new bullish wave.

 

 

 

EURUSD is attempting to offload its oversold conditions -Analysis-16-07-2025

Economies.com
2025-07-16 05:27AM UTC

The (EURUSD) recorded a slight rise in its last intraday trading, in an attempt to recover some of its losses, accompanied by attempts to offload the oversold conditions that come from (RSI), and there are positive overlapping signals.

 

The pair faces technical pressures, due to the continuation of the trading below EMA50, and affected by the dominant bearish correction on the short- term basis, trading alongside a bias line, indicating the difficulty of this phase unless strong breaching signals appear.

Evening update for Bitcoin (BTCUSD) -15-07-2025

Economies.com
2025-07-15 17:39PM UTC

The (BTCUSD) witnessed fluctuated trading in the intraday levels, amid its attempts to look for a rising low to take it as a base to help it gain positive momentum that assist it to recover and rise again, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the beginning of the positive signals on the (RSI), after reaching oversold levels.

 

 

Frequently asked questions

What is the price of Oil today?

The price of Oil is $65.966 (2025-07-16 16:15PM UTC)