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Forecast update for crude oil -02-07-2025

Economies.com
2025-07-02 12:34PM UTC

The price of (crude oil) rose in its last intraday levels, to retest the critical resistance at $65.55, this level represents an obstacle against the attempts of the rise in the last period, which represents the top line of confused sideways trading, amid the continuation of the negative pressure due to its trading below its EMA50, under the dominance of bearish correctional wave on the short-term basis, besides the reach of the (RSI).

 

Forecast update for Ethereum -02-07-2025

Economies.com
2025-07-02 12:34PM UTC

The price of (ETHUSD) rose in its recent intraday trading, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels previously, to succeed in its last rise to get rid of the negative pressure on the (RSI), opening the way towards achieving more of the gains, amid the dominance of the bullish correctional trend on the short-term basis.

 

 

 

Forecast update for Silver -02-07-2025

Economies.com
2025-07-02 12:34PM UTC

The price of (Silver) rose in its last intraday trading, taking advantage of its lean on a minor bullish trend line on the short-term basis, gaining positive momentum that assisted it to get rid of the negative pressure of EMA50, attacking its current resistance level at $36.30, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels.

 

 

Forecast update for Gold -02-07-2025

Economies.com
2025-07-02 12:34PM UTC

The price of (Gold) rose in its last intraday trading, as it leaned on the support of its EMA50 in its early trading today, gaining bullish momentum to achieve those gains, amid its affection by its exit from the bearish correctional channel’s range that limited its previous trading on the short-term basis, besides the emergence of the positive signals on the (RSI), after it succeeded to offload its overbought condition previously, opening the way for achieving more of the rises.

 

 

Frequently asked questions

What is the price of Oil today?

The price of Oil is $67.324 (2025-07-03 10:55AM UTC)