Forecast update for crude oil -08-08-2025
AI Summary
- Crude oil price declined in last intraday trading, targeting breaking support level at $63.35
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The price of (crude oil) declined in its last intraday trading, after its succeeded in its early trading in offloading some of its clear oversold levels on the (RSI), amid its trading alongside a minor bearish trend line on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, to target breaking the current support level at $63.35.
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Forecast update for Silver -08-08-2025
The price of (Silver) declined in its last intraday trading, amid its attempts to gain a positive momentum to help it to recover and rise again, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, taking advantage of the dynamic support that is represented by its trading above its EMA50, besides the emergence of the positive signals on the (RSI), after reaching oversold levels.
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Forecast update for Gold -08-08-2025
The price of (Gold) declined on its last intraday trading, due to the stability of the main resistance level at $3,400, attempting to gain positive momentum that might assist it to recover and breach this resistance, after offloading its overbought conditions on the (RSI), and under strong minor bullish wave.
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Forecast update for EURUSD -08-08-2025
The price of (EURUSD) rose in its last intraday trading, amid its continued attempts to gain positive momentum that might assist its recovery and breaching the stubborn resistance at 1.1670, this resistance prevents the recovery in the intraday levels, amid the dominance of minor bullish wave on the short-term basis, with the beginning of the positive signals on the (RSI), besides the continuation of the dynamic support that comes from its trading above EMA50, representing a dynamic support that expands the positive momentum.
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Subscribe via TelegramVIP Signals (Gold, Oil, Forex, Bitcoin, Ethereum, Indices) from €179/month
Subscribe via TelegramVIP Trading Signals Performance – July 28 – August 1, 2025
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