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Forecast update for Bitcoin -02-07-2025

Economies.com
2025-07-02 12:35PM UTC

The price of (BTCUSD) rose in its intraday levels, to settle again above the key resistance at $106,200, surpassing the resistance of EMA50 to surpass its negative pressure announcing its recovery, supported by the emergence of bullish signals on the (RSI), and under the dominance of bullish correctional wave on the short-term basis.

 

 

Forecast update for Ethereum -02-07-2025

Economies.com
2025-07-02 12:34PM UTC

The price of (ETHUSD) rose in its recent intraday trading, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels previously, to succeed in its last rise to get rid of the negative pressure on the (RSI), opening the way towards achieving more of the gains, amid the dominance of the bullish correctional trend on the short-term basis.

 

 

 

Forecast update for Brent crude oil -02-07-2025

Economies.com
2025-07-02 12:35PM UTC

The price of (Brent) extended its gains in its last intraday trading, taking advantage of the positive signals emergence of the (RSI), affected by the stability of the critical support at $66.50, despite this intraday rise the price still under the negative pressure due to its trading below EMA50, noticing the reach of the (RSI) to overbought levels, under the dominance of the bearish correctional trend on the short-term basis.

Forecast update for crude oil -02-07-2025

Economies.com
2025-07-02 12:34PM UTC

The price of (crude oil) rose in its last intraday levels, to retest the critical resistance at $65.55, this level represents an obstacle against the attempts of the rise in the last period, which represents the top line of confused sideways trading, amid the continuation of the negative pressure due to its trading below its EMA50, under the dominance of bearish correctional wave on the short-term basis, besides the reach of the (RSI).