Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Crude oil stands at a key resistance -Analysis-07-05-2025

Economies.com
2025-05-07 03:10AM UTC

The crude oil price settled high in its recent intraday trading, to test the critical resistance at $59,65, this level represents a turning point, accompanied by reaching the resistance of EMA50, and testing the bearish trend line on the short- term basis.

 

The beginning of the negative signals emergence on the (RSI) strengthens this area, after reaching exaggerated overbought areas compared to the price move, which suggests forming a negative divergence.

 

 

Gold drops from its two weeks high -Analysis-07-05-2025

Economies.com
2025-05-07 03:02AM UTC

The gold price declined sharply in its recent intraday trading, to settle again below $3,400, amid a solid selling wave accompanied by the emergence of the negative signals on the (RSI), after reaching overbought levels.

 

This decline came after sharp rises in the last two days, to suggest entering a gain gathering process that might extend to the end of the week, amid the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis, supported by its continuous trading above EMA50.

 

 

EURUSD returns to decline -Analysis-07-05-2025

Economies.com
2025-05-07 02:54AM UTC

The EURUSD declined sharply in its recent intraday trading, to settle again below 1.1340, this level represents a top of confused sideways trading area that controls the price within the dominance of the bearish correctional trend on the short-term basis, which makes the price suffer from the negative pressure of EMA50.

 

We notice forming a negative divergence on the (RSI), after reaching exaggerated overbought levels compared to the price move, with the emergence of negative overlapping signals to increase the negative pressures.

 

Evening update for Bitcoin -06-05-2025

Economies.com
2025-05-06 17:04PM UTC

The bitcoin price (BTCUSD) rose in its recent intraday trading, attempting to recover some of its previous losses, amid the dominance of bearish correctional wave on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, besides the emergence of the negative signals on the (RSI).

 

 

Frequently asked questions

What is the price of Oil today?

The price of Oil is $67.165 (2025-08-01 23:05PM UTC)