Silver Price gathers positive momentum – Analysis – 15-04-2025

Crude oil price (Crude Oil) stabilized with a slight upside in its recent intraday trading, amid its continuous attempts to gain positive momentum that may help it breach the key and stubborn resistance level at $61.50. This comes amid the dominance of a short-term bullish correctional wave, with the emergence of positive overlapping signals in the Relative Strength Index (RSI) indicators, after it succeeded in alleviating its overbought status.

Brent crude oil witnessed limited movement on its intraday levels, as the price attempts to gain positive momentum that may help it break through the key resistance level at $64.80. breaching this level would confirm the validity of a positive technical formation on a short- term basis, (an inverted head and shoulders pattern). If this breakout occurs, it will also indicate that the price has overcome the negative pressure from the EMA50, announcing its full recovery.

Bitcoin (BTCUSD) has been moving within a narrow sideways range Since the beginning of yesterday’s trading, attempting to gain the required positive momentum to break through the stubborn resistance level at $84,500. This comes amid continued control of the short-term upside correctional trend, supported by ongoing positive pressure due to trading above EMA50.