Forecast update for brent crude oil -06-05-2025
The price of brent crude oil continued its rise on the recent intraday trading, supported by the emergence of the positive signals on the (RSI), amid the continuation of the negative pressure due to its trading below EMA50, and under the dominance of the main bearish trend on the short-term basis and its trading alongside the bias line.
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Forecast update for crude oil -06-05-2025
The price of crude oil rose on the recent intraday trading, supported by the emergence of the positive signals on the (RSI), to succeed to breach a minor bearish bias line on the short- term basis, the negative pressure that comes from its trading below EMA50 remains valid, which might reverse these gains at any moment, with the (RSI) reach to overbought levels.
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Forecast update for silver -06-05-2025
The price of silver witnessed fluctuated trading on the intraday trading, attempting to gather the gains of its last rises, to gather positive strength that might assist it to resume the rise, supported by its trading above the EMA50, and under the domination of the bullish correctional trend on the short- term basis and its trading alongside bias line, besides the emergence of the positive signals on the (RSI), despite reaching overbought levels.
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Forecast update for Gold -06-05-2025
The price of gold returned to the upside on its recent intraday trading, amid the dominance of the main bullish trend on the short-term basis, and the continuation of the positive support that was caused by its trading above its EMA50, on the other hand, we notice the emergence of the negative signals on the (RSI), after reaching the overbought levels, which might decrease the gains in the upcoming trading.
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