Forecast update for crude oil-02-06- 2025

The price of (silver) settled on a rise in its recent intraday trading, after gaining positive momentum from its lean on a bullish trend line on the short-term basis, accompanied with the emergence of the positive signals on the (RSI), after reaching exaggerated oversold levels, which increased the positive momentum, which makes the price surpass the resistance of its EMA50, surpassing its negative pressure.

The price of (gold) witnessed clear gains in its recent intraday trading, taking advantage of the dynamic support that is represented by its trading above its EMA50, with the emergence of the positive signals on the (RSI), despite reaching overbought levels, to attack its current resistance at $3,655, amid its move with a minor bullish channel's range that limits its previous trading on the short-term basis.

The price of (EURUSD) extended its gains in its recent intraday trading, reaching our morning target and attacking the key resistance at 1.1420, supported by its trading above its EMA50, with its trading alongside a minor bullish trend line on the short-term basis.