Forecast update for Brent crude oil -05-05-2025
Brent crude oil price rose on its recent intraday trading, in order to recover some of its early losses, amid the dominance of the main bearish trend on the short-term basis and its trading alongside the bias line, with the emergence of the negative signals on the (RSI), with a continued negative pressure due to its trading below the EMA50.
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Forecast update for crude oil -05-05-2025
The crude oil price rose on its recent intraday trading, to settle again above the critical support at $56.45, in attempt to recover some of its previous losses, amid the dominance of the main bearish trend and its trading below its EMA50, pushing negatively on the price.
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Forecast update for silver -05-05-2025
The silver price rose on its recent intraday trading, leaning on the key support at $31.90, providing positive momentum besides the emergence of the positive signals on the (RSI), after reaching oversold levels, on the other hand, the negative pressure continues due to its trading below EMA50, which might decelerate the continuation of the price rise.
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Forecast update for gold -05-05-2025
The gold price rose on its recent intraday trading, supported by the emergence of the positive signals on the (RSI), to succeed in breaching the bearish correctional trend line on the short-term basis, to surpass the resistance of the EMA50, surpassing its negative pressure.
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