Forecast update for brent crude oil -12-05-2025
The price of brent crude oil extended continued the rise in its recent intraday trading, amid the dominance of the bullish correctional trend on the short-term basis, to succeed in breaching our morning target at $64.90 level, to settle above it confirming this breach technically, after it succeeded in offloading its clear overbought conditions on the (RSI) in its previous trading, and the positive signals return again.
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Forecast update for crude oil -12-05-2025
The price of crude oil extended its gains in its recent intraday trading, to succeed in breaching our morning target at$61.70, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside the bias line, with the emergence of the positive signals on the (RSI), after it succeeded in offloading its overbought conditions, pushing it for more upside moves.
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Forecast update for silver -12-05-2025
The price of (silver) declined in its last intraday trading, affected by the stability of the current resistance at $32.70, after testing a bearish trend line on the short-term basis, with the emergence of the negative signals on the (RSI), after reaching overbought levels, facing the negative pressure that is caused by its trading below EMA50, to reach our morning target at $31.90.
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Forecast update for gold -12-05-2025
The price of (gold) declined in its last intraday trading, affected by breaking a bullish bias line on the short-term basis, with the continuation of the negative pressure due to its trading below its EMA50, breaking the support level at $3,250, amid the emergence of the negative signals on the (RSI).
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