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Forecast update for crude oil -28-07-2025

Economies.com
2025-07-28 12:24PM UTC
AI Summary
  • Crude oil price rose in last intraday trading, supported by positive signals on RSI and reaching resistance of EMA50, but may face negative pressure with minor bearish trend line on short-term basis
  • BestTradingSignal.com offers high-accuracy trading signals for US stocks, crypto, forex, and VIP signals for gold, oil, forex, bitcoin, ethereum, and indices for varying monthly subscription prices
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The price of (crude oil) rose in its last intraday trading, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels, reaching the resistance of its EMA50, which might form negative pressure on its upcoming move, especially with its trading alongside a minor bearish trend line on the short-term basis that reinforces this scenario.

 

 

 

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Forecast update for Silver -28-07-2025

Economies.com
2025-07-28 12:23PM UTC

The price of (Silver) declined in its last intraday trading, amid the continuation of the negative pressure that comes from its trading below EMA50. The price is affected by breaking a minor bullish trend line in the short-term, forming intensive pressure on the upcoming trading, on the other hand, we notice the emergence of the positive signals on the (RSI), after reaching oversold levels, which might support the price stability temporarily due to its neediness to offload this oversold level.

 

 

 

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Forecast update for Gold -28-07-2025

Economies.com
2025-07-28 12:00PM UTC

The price of (Gold) declined on its last intraday trading, to erase its early gains that have been achieved by the support of the positive signals on the (RSI), to offload the oversold conditions and reach exaggerated overbought levels, which suggest ending the positive momentum on the intraday basis, especially with the continuation of the negative pressure that comes from its trading below EMA50, affected by surpassing the bullish channel’s range that limited the previous trading on the short-term basis. 

 

 

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Weekly performance report available here: Signals Performance – Week of July 21–25, 2025

Forecast update for EURUSD -28-07-2025

Economies.com
2025-07-28 12:00PM UTC

The price of (EURUSD) declined in its recent intraday levels, to break minor bullish trend line on a short-term basis, which puts the price under strong negative pressure that pushed it to surpass the support of its EMA50.

 

This break reinforces the chances for the continuation of the bearish move in its upcoming move, especially with the emergence of the negative signals on the (RSI) that confirms the weakness of the positive momentum.

 

 

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Weekly performance report available here: Signals Performance – Week of July 21–25, 2025

Frequently asked questions

What is the price of Oil today?

The price of Oil is $67.165 (2025-08-01 23:05PM UTC)