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Forecast update for crude oil -21-07-2025

Economies.com
2025-07-21 11:38AM UTC
AI Summary
  • Crude oil price declined in last intraday trading, leaning on key support at $65.60
  • Positive signals on RSI suggest beginning of forming a positive divergence
  • Main bullish trend expected to continue on short-term basis

The price of (crude oil) declined in its last intraday trading, with the negative pressure from its trading below EMA50, to lean on the key support at $65.60, in attempt to gain a bullish momentum that might assist it to get rid of its negative pressures, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the emergence of the positive signals on the (RSI), after reaching oversold levels, exaggeratedly compared to the price move, which suggest the beginning of forming a positive divergence.

 

 

 

Forecast update for Silver -21-07-2025

Economies.com
2025-07-21 11:38AM UTC

The price of (Silver) rose in its last intraday trading, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the continuation of the positive pressure that comes from its continuous trading above its EMA50, this rise came after the price success in offloading its overbought conditions on the (RSI), opening the way for more of the intraday gains.

 

 

 

Forecast update for Gold -21-07-2025

Economies.com
2025-07-21 11:38AM UTC

The price of (Gold) settles high in its last intraday trading, attempting to breach the stubborn resistance level at $3,365, taking advantage of the emergence of the positive signals on the (RSI), despite reaching overbought level, which might decelerate the price upcoming gains, and that comes amid the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis.

 

 

 

Forecast update for EURUSD -21-07-2025

Economies.com
2025-07-21 11:38AM UTC

The price of (EURUSD) declined in its recent intraday levels, after it attempted in its early trading to offload its clear oversold conditions on the (RSI), especially with the emergence of the positive signals, reaching the resistance of its EMA50, which forces it to bounce lower with the dominance of the bearish correctional trend on the short-term basis and its trading alongside a bias line.

 

 

Frequently asked questions

What is the price of Oil today?

The price of Oil is $65.235 (2025-07-22 04:35AM UTC)