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Crude oil prices get ready to break an important support-Analysis-18-08-2025

Economies.com
2025-08-18 03:20AM UTC
AI Summary
  • Crude oil prices are expected to decline in upcoming intraday trading, with a target of $60.90 support after breaking the $62.00 support level.
  • The analysis suggests a bearish trend for crude oil prices, with a trading range between $60.90 support and $63.30 resistance.
  • BestTradingSignal.com offers professional trading signals for US stocks, crypto, forex, and VIP signals for various markets, with subscription packages starting from €44/month.

The (crude oil) price declined in its last intraday trading, approaching from the critical support at $62.00, amid the dominance of the bearish track on the short-term basis, besides the trading alongside a supportive bias line for this trend, this decline indicates the continuation of the selling powers' dominance and attempt to put more pressure on the trading.

 

Besides the stability below EMA50, reinforcing the weakness of bullish momentum and increasing the possibilities for continuing the decline. The (RSI) support this scenario after the emergence of negative signals, easing the way for breaking $62.00support and moving lower.

 

Therefore, we suggest a decline in (crude oil) prices in the upcoming intraday trading, especially when breaking the mentioned support at $62.00, to target the initial support level at $60.90.

 

The expected trading range is between $60.90 support and $63.30 resistance.

 

Today's forecast: Bearish

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Gold turns its early losses into gains- Analysis-18-08-2025

Economies.com
2025-08-18 03:06AM UTC

The (Gold) rose in its last intraday trading, after holding above the key support at $3,225, that we mentioned in our previous reports, providing clear positive momentum that helped it to bounce higher and turn its early losses into intraday gains, supported by the emergence of positive signals on the (RSI) after reaching oversold levels.

 

Despite this intraday rebound, the precious metal remains moving within bearish correctional channel on the short-term basis, with the continuation of the negative pressure that comes from its stability below EMA50, which makes any potential rise face this technical obstacle.

 

Therefore, we suggest a decline in (Gold) price in its upcoming intraday trading, if it settles below $3,360, to target $3,225 level, and there are chances for the intraday bullish rebound, and it might retest the mentioned resistance.

The expected trading range is between $3,300 support and $3,360 resistance.

 

Today's forecast: Bearish

 

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EURUSD declines temporarily within bullish track-Analysis-18-08-2025

Economies.com
2025-08-18 02:52AM UTC

The (EURUSD) declined in its last trading on its intraday levels, to gather gains after the previous bullish wave, accompanied by the attempts to offload the clear overbought conditions on the (RSI), especially with the emergence of negative signals from there.

 

Despite this intraday decline, the pair remains supported by its trading above EMA50, and its move within the minor bullish channel’s range, reinforcing the chances for gathering positive powers and resuming the rise again on the near-term basis.

 

Therefore, our expectations suggest a rise in (EURUSD) price in the upcoming intraday trading, if the support level settles at 1.1650, targeting the key resistance at 1.1730, if the pair manages to breach this resistance, its next target will be at the key resistance at 1.1790.

 

The expected trading range is between 1.1650 support and 1.1790 resistance.

 

Today’s forecast: Bullish

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VIP Trading Signals Performance by BestTradingSignal.com (August 11 – 15, 2025

Economies.com
2025-08-16 14:06PM UTC

According to BestTradingSignal.com, here is the official performance summary of VIP signals during the week of August 11 – 15, 2025. The trading signals covered gold, oil, forex pairs, indices, and cryptocurrencies, generating strong results in just one week. For more trusted signal providers, you can also check the Trading Signals section on Economies.com.

  • EURUSD: +10 / +60 / +110
  • GOLD: +70 / +40 / +160 / +170 / +40 / +150
  • NASDAQ: -60
  • USOIL: +30 / +200
  • GBPUSD: -90
  • USDCHF: +70
  • SILVER: +120
  • USDJPY: +150
  • ETHEREUM: +300

Total Profit: +1570 pips

Winning trades: 16
Losing trades: 2

 

Frequently asked questions

What is the price of Oil today?

The price of Oil is $62.740 (2025-08-20 17:35PM UTC)