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Forecast update for crude oil -08-07-2025

Economies.com
2025-07-08 11:23AM UTC
AI Summary
  • Crude oil prices rose slightly due to fluctuating trading, helping to offload overbought conditions on the RSI
  • The key support level for crude oil is at $66.00, with stability above EMA50 providing dynamic support.

The price of (crude oil) rose slightly in its last intraday levels, amid fluctuating trading that assisted it to offload its overbought conditions on the (RSI), these conditions prevent the rise amid its stability above the key support level at $66.00, taking advantage of the dynamic support that is represented by its stability above EMA50.

 

 

Forecast update for Silver -08-07-2025

Economies.com
2025-07-08 11:23AM UTC

The price of (Silver) witnessed fluctuated trading in its last intraday levels, amid the continuation of the positive pressure that comes from its trading above EMA50, and under the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis, which makes this positive scenario stable dynamically, on the other hand, we notice the emergence of negative overlapping signals after reaching overbought levels, which decelerate the upside track due to its neediness to offload some of these overbought conditions.

 

 

Forecast update for Gold -08-07-2025

Economies.com
2025-07-08 11:22AM UTC

The price of (Gold) settled low in its last intraday trading, after it succeeded in early trading in offloading some of its clear overbought conditions on the (RSI), which allows it to achieve new gains easily, where it leans on the support of its EMA50 amid its affection by positive technical formation on the intraday level, represented by the falling wedge pattern, providing positive momentum that allows it to rise on the intraday basis.

 

 

Forecast update for EURUSD -08-07-2025

Economies.com
2025-07-08 11:22AM UTC

The price of (EURUSD) declined in its recent intraday levels, after retesting the key resistance at 1.1745, accompanied by reaching the resistance of its EMA50, putting it under the intensive negative pressure to surrender to this pressure, especially with the (RSI) reach to exaggerated overbought levels compared by the price move, opening the way for more of the downside moves.

 

 

Frequently asked questions

What is the price of Oil today?

The price of Oil is $68.616 (2025-07-09 15:45PM UTC)