Crude oil prices deepen its losses-Analysis-11-08-2025
AI Summary
- Crude oil prices continue to decline in intraday trading, with technical factors indicating weakness in bullish momentum and seller dominance
- RSI signals bearish trend after reaching overbought levels, suggesting further decline if resistance levels are not broken
- Forecast predicts a decline in crude oil prices if they settle below $63.75, with a trading range between $62.00 support and $64.40 resistance.
The (crude oil) price kept declining in its last intraday trading, keeping its sharp bearish track alongside a minor bearish bias line on a short- term basis, and the selling pressures remain valid due to their stability below EMA50, these technical factors indicate the weakness of the bullish momentum and the continuation of the seller’s dominance on the trading.
The (RSI) began sending clear bearish signals, after reaching overbought levels, reinforcing the possibilities of the decline’s continuation in the upcoming period, especially if the price failed to break the near resistance levels.
Therefore, our expectations suggest a decline in (crude oil) prices in their upcoming intraday trading, if the price settles below $63.75, to target the support levels at $62.00.
The expected trading range is between $62.00 support and $64.40 resistance.
Today’s forecast: Bearish
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Gold opens this week with sudden losses -Analysis-11-08-2025
The (Gold) declined in its last intraday trading, by the stability of the main resistance at $3,400, with the negative signals on the (RSI), despite the attempts to gain positive momentum to recover and breach this resistance, amid the dominance of minor bullish wave on the short-term basis, and the positive pressure that comes from its trading above EMA50.
The (RSI) reached oversold levels, suggesting a potential bullish rebound on a near-term basis, this contradiction between the current selling pressures and the potential positive technical indicators makes $3,400 resistance represents a key level for detecting the next trend for the precious metal.
Therefore, we suggest a rise in (Gold) price in its upcoming intraday trading, by the stability of $3,360 support, to target $3,400resistance, preparing to attack it.
The expected trading range is between $3,350 support and $3,420resistance.
Today's forecast: Bullish
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EURUSD flirts with a key resistance amid positive technical signals-Analysis-11-08-2025
The (EURUSD) rose in its last intraday trading, amid its attempts to gain a bullish momentum that might assist it to breach the key and stubborn resistance at 1,1670, to indicate forming positive technical formation on the short-term basis which is the flag pattern, amid the continuation of the positive pressure that comes from its trading above EMA50, with the emergence of the positive signals on the (RSI).
Therefore, our expectations for the (EURUSD) suggest a rise in the upcoming trading, especially when breaching the mentioned resistance at 1.1670, to target its critical resistance level at 1.1770.
The expected trading range is between 1.1595 support and 1.1730 resistance.
Today’s forecast: Bullish
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Evening update for Bitcoin (BTCUSD) -08-08-2025
The (BTCUSD) declined in its last intraday trading, amid the emergence of the negative signals on the (RSI), after reaching overbought levels to attempt to offload this overbought condition, and gaining positive momentum that might assisted it to recover and settle again, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the continuation of the positive support that comes from its trading above EMA50, reinforcing the positive scenario on the near-term basis.
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