Forecast update for crude oil -03-06-2025

The price of (Silver) rose slightly in fluctuated trading, supported by its trading above its EMA50, and under the dominance of the bullish trend and its trading alongside a bias line, on the other hand, the stability of the critical resistance at $34.50 decreased the gains of the price, with the emergence of the negative signals on the (RSI), after reaching overbought areas, and the price attempts to offload this overbought condition.

The price of (Gold) declined in its recent intraday trading, attempting to gain a positive momentum that might assist it to breach the current resistance at $3,365, noticing its success to offload its overbought condition that was clear on the (RSI) previously.

The price of (EURUSD) declined in its recent intraday trading, due to the stability of the critical resistance at 1.1420, with the emergence of the negative signals on the (RSI), which makes the price attempt to gain a positive momentum that assists it to breach this resistance, supported by its continues trading above the EMA50, and under the domination of the bullish trend and its trading alongside a minor bias line on the short-term basis.