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Crude oil prices break a significant support-Analysis-04-08-2025

Economies.com
2025-08-04 03:10AM UTC
AI Summary
  • Crude oil prices broke a significant support level, leading to increased selling pressures and the possibility of a bearish trend continuation in the near-term basis
  • The decline was influenced by a negative technical formation, including a head and shoulders pattern and exit from a minor bullish channel
  • BestTradingSignal.com offers high-accuracy trading signals for US stocks, cryptocurrencies, forex, and VIP signals for gold, oil, forex, bitcoin, ethereum, and indices at various subscription prices.

The (crude oil) price kept declining in its last intraday trading, affected by a negative technical formation that has formed previously on the intraday levels, which is represented by the head and shoulders pattern, this decline was accompanied by its exit from minor bullish channel’s range that limited its move on the short-term basis, which increased the strength of the selling pressures.

 

This decline led to breaking the support of its EMA50, which increased the negative pressures on the price in the near-term basis, and increased the possibilities for the bearish trend continuation unless regaining the positive momentum quickly.

 

 

 

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

 

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  View Full Performance Report

Gold price is in a truce to catch breath -Analysis-04-08-2025

Economies.com
2025-08-04 03:10AM UTC

The (Gold) price declined in its last intraday trading, to gather the gains of its previous rises and attempts to gain positive momentum that might support its recovery and rise again, the price attempts to offload the clear overbought conditions on the (RSI), especially with the beginning of negative overlapping signals emergence, indicating the neediness of more calm trading before resuming the bullish track.

 

The price took advantage of its dynamic support that comes from its trading above its EMA50, besides its affection by its exit from a sharp bearish channel range on a short-term basis, reinforcing the expected positive scenario.

 

 

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US Stock Signals from €44/month

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

 

To view the full performance report for this week, visit the following link:

  View Full Performance Report

EURUSD shrinks its early gains-Analysis-04-08-2025

Economies.com
2025-08-04 03:10AM UTC

The (EURUSD) moved with slight rise in its last intraday trading, after it failed to keep the early gains, affected by the stability of the strong resistance at 1.1575, where the negative pressure remains valid by the trading below its EMA50, at the same time it attempts to gain positive momentum to breach the resistance and get rid of the surrounded selling pressures.

 

The pair is attempting to offload some of its clear overbought conditions on the (RSI), especially with the beginning of a negative overlapping signal appearance, amid the dominance of the minor bullish wave on its intraday trading, which might provide a chance for the rise unless they surpass the mentioned resistance.

 

 

 

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

 

To view the full performance report for this week, visit the following link:

  View Full Performance Report

VIP Trading Signals Performance from BestTradingSignal.com (July 28 – August 1, 2025)

Economies.com
2025-08-03 10:22AM UTC

According to BestTradingSignal.com , here is the summary of VIP signals performance for the week of July 28 to August 1, 2025. The signals covered gold, oil, major forex pairs, and indices like Nasdaq and Dow Jones, delivering strong results over one trading week. For a list of trusted signal providers, visit the trading signals page on Economies.com.

  • USD/JPY: +100 / +110 / +100
  • US Oil: +450 / +130
  • NZD/USD: +70 / +110
  • EUR/USD: +25 / -80 / +50
  • Gold: -100 / +255 / +240
  • Nasdaq: +140 / +200
  • Dow Jones: +350 / +100
  • GBP/USD: +100

Total Profit: +2351 pips

Winning trades: 16
Losing trades: 2

Frequently asked questions

What is the price of Oil today?

The price of Oil is $65.574 (2025-08-06 05:35AM UTC)