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Forecast update for crude oil -16-06-2025

Economies.com
2025-06-16 12:02PM UTC

The price of (crude oil) declined in its recent intraday trading, attempting to look for a higher low to assist it to gain the required positive momentum to recover, amid the dominance of the main bullish trend on the short-term basis and its trading alongside the bias line, to notice reaching oversold levels by the (RSI), suggesting the formation of a positive divergence, which will increase the positive pressure.

 

 

Forecast update for Silver -16-06-2025

Economies.com
2025-06-16 12:02PM UTC

The price of (Silver) rose in its last intraday trading, supported by its continuous trading above its EMA50, which represents dynamic support that kept its positive move in the last period, amid the dominance of the main bullish trend on the short-term basis, noticing the return of the positive signals on the (RSI), after it succeeded to offload its overbought conditions that was clear previously.

 

 

Forecast update for Gold -16-06-2025

Economies.com
2025-06-16 12:02PM UTC

The price of (Gold) rose trading in its last intraday trading, after its early decline which targets offloading overbought conditions, and that happened as we notice that it reached oversold levels, opening the way for achieving more of the gains, and it succeeded in gaining a positive momentum that assisted it to keep the bullish trend on the short-term basis, amid its trading alongside a bias line, taking advantage from the dynamic support that is represented by its trading above the EMA50.

 

 

 

Forecast update for EURUSD -16-06-2025

Economies.com
2025-06-16 12:02PM UTC

The price of (EURUSD) settled on a rise in its recent intraday levels, to settle again above the critical resistance level a t1.1550, supported by the emergence of the positive signals on the (RSI), despite reaching overbought levels, amid the dominance of the main bullish trend and its trading alongside a bias line, with the continuation of the positive support that comes from its trading above EMA50, reinforcing the positive trend for the pair.