Evening update for crude oil -07-08-2025
AI Summary
- Crude oil price declined in last intraday trading, preparing to break support level at $63.35
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- VIP Trading Signals Performance report for July 28 - August 1, 2025 available for viewing online
The (crude oil) price declined in its last intraday trading, preparing to break the current support level at $63.35, after its success in its previous trading in offloading some of its clear oversold conditions on the (RSI), increasing the negative pressure to record more of the losses on the near-term basis, amid the dominance of minor bearish wave on the short-term basis.
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Evening update for Gold -07-08-2025
The (Gold) price continued its fluctuated trading in its last intraday levels, taking advantage from the dynamic support that is represented by its trading above EMA50, and under the dominance of minor bullish wave on the short-term basis, on the other hand, we notice the emergence of the negative signals on the (RSI), after reaching overbought levels, attempting to gain bullish momentum that might assist it to breach its near resistance.
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Evening update for EURUSD -07-08-2025
The (EURUSD) managed to shrink its losses on its last intraday trading, after gaining positive momentum in a bearish trading due to the stability of the resistance at 1.1670, succeeded in offloading its clear overbought condition on the (RSI), amid the dominance of minor bullish wave strongly on the short-term basis.
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Forecast update for Ethereum -07-08-2025
The price of (ETHUSD) extended its gains in its last intraday trading, affected by breaching bearish correctional trend line on the short-term basis, taking advantage of the dynamic support that is represented in its trading above EMA50, keeping the stability of the bullish track in the last period, especially with the emergence of the positive signals on the (RSI), despite reaching overbought levels.
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