Forecast update for Brent crude oil -09-05-2025
The price of Brent crude oil extended its gains in its last intraday trading, affected by breaching a main bearish trend line on the short-term basis, to complete a supported bullish correctional wave in its continuous trading above EMA50.
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Forecast update for crude oil -09-05-2025
The price of crude oil continued the rise in its last intraday trading, affected by breaching a main bearish trend line on the short-term basis, supported by its trading above EMA50, on the other hand, we notice the beginning of the negative signals emerging on the (RSI), after reaching overbought levels, which might decelerate the price gains.
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Forecast update for silver -09-05-2025
The price of silver rose in its last intraday trading, supported by the positive signals emerging on the (RSI), retesting the resistance at $32.70, accompanied by hitting the resistance of its EMA50, reinforcing the strength of this area as a resistance against the price, especially with its affection by breaking a bullish correctional bias on the short-term basis.
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Forecast update for gold -09-05-2025
The price of gold rose in its last intraday trading, settling again above its EMA50, taking advantage of its dynamic support, especially with the emergence of the positive signals on the (RSI) after reaching oversold levels, the price rise due to its leaning on the support of a main bullish trend line on the short- term basis.
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