Forecast update for brent crude oil -07-05-2025
The brent crude oil price turned its early gains into losses in its last intraday trading,affected by the stability of the critical resistance level at $62.60, with the emergence of the negative signals on the (RSI), after reaching overbought levels, under the domination of the main bearish trend and its trading alongside the bias line.
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Forecast update for crude oil -07-05-2025
The crude oil price witnessed fluctuated trading in its intraday levels, the rise turned to attack the critical resistance at $59.65, but it bounced lower to erase all that gains, affected by the stability of the resistance, accompanied with testing a main bearish trend line on the short-term basis, hitting the resistance of the EMA50.
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Forecast update for silver -07-05-2025
The silver price declined in its recent intraday trading, with the emergence of the negative signals on the (RSI), after reaching overbought levels, the price attempts to gain positive momentum that might assist it to recover and rise again, leaning on the EMA50.
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Forecast update for gold -07-05-2025
Gold price declined in its recent intraday trading, to remain stable below $3,400, with the emergence of the negative signals on the (RSI), on the other hand, the main bullish trend remains the dominant on a short-term basis, noticing that the (RSI) reaches an exaggerated oversold levels compared by the price movement, which suggests the return of the oversold pressures gradually.
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