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Crude oil prices attempt to recover some of its losses-Analysis-07-08-2025

Economies.com
2025-08-07 01:54AM UTC
AI Summary
  • Crude oil prices rose in last intraday trading, attempting to recover some recent losses
  • Despite the rise, the overall scenario remains bearish with negative pressure due to trading below EMA50
  • BestTradingSignal.com offers professional trading signals for US stocks, crypto, forex, and VIP signals for various markets

The (crude oil) price recorded a rise in its last intraday trading, supported by its stability at the support level of $63.35, which represents the potential target in our previous reports. This technical rebound provided positive momentum and helped the price to reduce its last losses, in attempt to recover some of the recent declines.

 

Despite this rise, the overall scenario remains under the dominance of minor bearish wave on the short-term basis, besides the continuation of the negative pressure due to the trading below EMA50, and the (RSI) show negative signals after their reach to overbought levels, indicating the weakness of the current rise.

 

 

 

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Gold price settles above stubborn resistance -Analysis-07-08-2025

Economies.com
2025-08-07 01:47AM UTC

The (Gold) price rose in its last intraday trading, to settle above the stubborn and significant resistance at $3,375, as the price attempted to breach this level many times since yesterday. This positive performance comes amid the dominance of strong bullish wave on the short-term basis, supported by the trading above EMA50, which provides significant dynamic support for the bullish movement.

 

On the other hand, the (RSI) began showing new positive signs after offloading the overbought conditions, this technical improvement provides extra momentum, which might reinforce the chances for the continuation of the rise and targeting new resistance levels, conditioned by surpassing the current barrier with a stable close.

 

 

 

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EURUSD is in truce to catch breath-Analysis-07-08-2025

Economies.com
2025-08-07 01:43AM UTC

The (EURUSD) declined slightly in its last intraday trading, affected by the stability of the critical resistance at 1.1670, which pushed the price to gather its early gains, besides the attempts to offload the clear overbought conditions on the (RSI), especially with the emergence of negative signs from there.

 

The price keeps its positive support by its stability above EMA50, besides the continuation of the minor bullish wave dominance on a short-term basis, providing new opportunity for resuming the rise if it succeeded in breaching the current resistance.

 

 

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Evening update for Bitcoin (BTCUSD) -06-08-2025

Economies.com
2025-08-06 18:28PM UTC

The (BTCUSD) rose in its last intraday trading, supported by the emergence of the positive signals on the (RSI), to reach the resistance of EMA50, which might decelerate the upside move, amid the dominance of 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 $63.349 (2025-08-08 23:05PM UTC)