Forecast update for crude oil -14-07-2025
AI Summary
- Crude oil price rose to breach critical resistance level at $68.00 in last intraday trading
- Continuous trading above EMA50 and main bullish trend on short-term basis
- Negative signals emerging on RSI after reaching overbought levels may decelerate price rise on intraday basis
The price of (crude oil) rose in its last intraday trading, to breach the critical resistance level at $68.00, supported by its continuous trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, on the other hand, we notice the beginning of the negative signals emergence on the (RSI), after reaching overbought levels, which might decelerate the price rise on the intraday basis.
Forecast update for Silver -14-07-2025
The price of (Silver) settled in its last intraday trading, as a truce to catch its breath to gather the gains of its previous rises, attempting to offload some of its clear overbought conditions on the (RSI), especially with the beginning of the negative signals emergence, gathering its positive strength amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.
Forecast update for Gold -14-07-2025
The price of (Gold) rose in its last intraday trading, succeeding to breach the current resistance level at $3,365, after it succeeded in offloading its clear overbought conditions on the (RSI), to notice the beginning of positive overlapping signals on them, opening the way for achieving more of the gain, amid the continuation of the dynamic support that is supported by its trading above EMA50, and under the domination of the main bullish trend on the short-term basis and its trading alongside a bias line.
Forecast update for EURUSD -14-07-2025
The price of (EURUSD) rose in its recent intraday levels, supported by the beginning of the positive signals appearance on the (RSI), after reaching oversold levels in attempt to offload this condition and offloading some of its previous losses, amid the continuation of the negative pressure that comes from its trading below EMA50, which prevents its recovery on the intraday basis, especially with its trading within bearish correctional channel’s range on the short-term basis.
Therefore, our expectations suggest a decline in the (EURUSD) price in its upcoming intraday trading, if the resistance level settles at 1.1710, to target the support level at 1.1635.
Expected trading range for today: Between the support at 1.1635 and resistance at 1.1710
Today’s forecast: Bearish