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Forecast update for crude oil -07-07-2025

Economies.com
2025-07-07 11:25AM UTC
AI Summary
  • Crude oil price quickly recovered from morning losses, rebounding above $66.00 with positive momentum
  • Positive signals emerging on the RSI after reaching oversold levels

The price of (crude oil) managed to recover quickly from the losses that happened in the opening of its morning trading, after its lean on the support of its EMA50, providing positive momentum that assisted it to rebound to clear all the early losses, to settle above the resistance level of $66.00 again, with the beginning of the positive signals emergence on the (RSI), after reaching oversold levels.

 

 

 

Forecast update for Silver -07-07-2025

Economies.com
2025-07-07 11:25AM UTC

The price of (Silver) declined in its last intraday trading, amid the emergence of the negative signals on the (RSI), attempting to gain a positive momentum that might assist it to recover and rise again, to lean on the support of EMA50, providing some of this positive momentum that assisted it to stop the morning losses, amid the dominance of the main bullish trend and its trading alongside a minor bias line on the sort-term basis.

 

 

 

Forecast update for Gold -07-07-2025

Economies.com
2025-07-07 11:25AM UTC

The price of (Gold) settled low in its last intraday trading, due to the continuous negative pressure that comes from its trading above the EMA50, and under the dominance of the bearish trend on the short-term basis and its trading alongside a bias line, besides the continuation of the negative signals from the (RSI), reaching oversold levels, considering it as a weak sign for the negative momentum decrease.

 

 

Forecast update for EURUSD -07-07-2025

Economies.com
2025-07-07 11:25AM UTC

The price of (EURUSD) declined in its recent intraday levels, amid the emergence of the negative signals on the (RSI), after reaching overbought levels, to break the support level at 1.1745, surpassing the support of the EMA50, increasing the negative pressure and reinforcing the possibilities for more correctional declines.

 

 

 

Frequently asked questions

What is the price of Oil today?

The price of Oil is $67.939 (2025-07-08 13:05PM UTC)