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Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD
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Forecast update for Brent crude oil -01-07-2025

Economies.com
2025-07-01 11:35AM UTC

The price of (Brent) rose in its last intraday trading, affected by the stability of the critical support level at $66.50, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels, and the price continues its sideways moves on the intraday levels in attempt to detect its upcoming trend on the short-term basis, amid the continuation of the negative pressure due to its trading below EMA50.

 

 

 

Forecast update for Crude oil -01-07-2025

Economies.com
2025-07-01 11:35AM UTC

The price of (crude oil) rose in its last intraday trading, supported by the emergence of the bullish signals on the (RSI), after reaching oversold levels, despite this rise the price remains moving in limited range of the sideways trading, creating confused area that targets detecting the upcoming track when it exit its range on the short-term basis, amid the dominance of bearish correctional wave on the short-term basis. 

Forecast update for silver -01-07-2025

Economies.com
2025-07-01 11:35AM UTC

The price of (silver) rose in its last intraday trading, to keep moving alongside a minor bullish trend on a short-term basis, supported by the emergence of the positive signals on the (RSI), succeeding to surpass the resistance of EMA50, surpassing its negative pressure, to settle above the critical resistance at $36.30, announcing its ability to achieve more of the gains.

 

 

Forecast update for Gold -01-07-2025

Economies.com
2025-07-01 11:36AM UTC

The price of (Gold) extended its gains in its last intraday trading, to exit the range of bearish correctional channel that limits its previous trading on the short-term basis, providing more of the positive momentum that assisted it to surpass the resistance of its EMA50, to surpass all the negative pressures, announcing its full recovery, especially with the emergence of the positive signals on the (RSI), despite reaching overbought levels.

 

 

Frequently asked questions

What is the price of Brent Oil today?

The price of Brent Oil is $69.14 (2025-07-02 21:54PM UTC)
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