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Forecast update for crude oil -17-07-2025

Economies.com
2025-07-17 12:09PM UTC
AI Summary
  • Crude oil prices experienced calm trading with negative pressure below EMA50 and negative signals on RSI
  • The price is likely to begin a new bearish wave after breaking a main bullish trend line
  • Forecast predicts a decrease in crude oil prices in the near future

The price of (crude oil) witnessed calm trading in its last intraday levels, amid its affection by breaking a main bullish trend line previously, with the continuation of the negative pressure that comes from its trading below EMA50, besides the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, indicating the price approach from beginning a new bearish wave.

 

 

Forecast update for Silver -17-07-2025

Economies.com
2025-07-17 12:09PM UTC

The price of (Silver) declined in its last intraday trading, amid the price attempts to look for a rising low to take it as a base that might help it to gain the required bullish momentum for its recovery, amid the continuation of the dynamic support that is represented by its trading above EMA50, which prevents the price’s intraday decline and assist the stability of the positive scenario, especially amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.

 

 

 

Forecast update for Gold -17-07-2025

Economies.com
2025-07-17 12:08PM UTC

The price of (Gold) declined in its last intraday trading, amid the emergence of the negative signals on the (RSI), surpassing the support of its EAM50, putting it under negative pressure temporarily, amid the attempts of gaining positive momentum that might assist it to recover and rise again, amid its trading alongside a minor bullish trend line on the short-term basis.

 

Forecast update for EURUSD -17-07-2025

Economies.com
2025-07-17 12:08PM UTC

The price of (EURUSD) declined in its recent intraday levels, amid the dominance of the bearish correctional trend on the short-term basis and its trading alongside a bias line, with the continuation of the negative pressure due to its trading below EMA50, besides the return of the negative signals on the (RSI), intensifying the negative pressure.

 

Frequently asked questions

What is the price of Oil today?

The price of Oil is $67.354 (2025-07-18 23:05PM UTC)