Forecast update for crude oil-14-05-2025

The price of (silver) rose in its recent intraday trading, taking advantage of the positive support that comes from leaning on the support of its EMA50, amid the dominance of the bullish correctional trend on the short- term basis and its trading alongside bias line, noticing that the (RSI) reach the exaggerated oversold levels compared by the price move, opening the way towards achieving more of the gains.

The price of (EURUSD) rose in its recent intraday trading, retesting the critical resistance at 1.1250, this level represents 38.2% Fibonacci correctional levels for a bullish wave on the short-term basis (from 1.0730 to 1.1572), accompanied by hitting the resistance of its EMA50, with its moves alongside a bearish correctional bias, and the beginning of forming negative divergence on the (RSI), and the beginning of negative overlapping signals.

The coffee price confirmed its surrender to the bearish bias domination recently, by forming negative patterns that are represented by consecutive lower highs, and 390.00 level forms a strong resistance, to notice suffering some losses by reaching 366.75.