Silver suffers from negative pressures -Analysis-01-05-2025
Silver price declined in its last trading on the intraday levels, amid the stability of its trading below $32.70, under the domination of a minor bearish wave on the short-term basis, with the continuation of the negative pressure that cause by the trading below EMA50, this decline came after the price success in its previous trading to offload its oversold conditions that appeared clearly on the (RSI), noticing the beginning of negative overlapping signals appearance, which represents a signal for losing the positive momentum quickly.
Therefore, our expectations suggest more of the downside moves in the upcoming intraday trading, conditioned by its stability above $32.70, to target the initial support level at $31.90
The expected trading range is between $31.90 support and $32.70 resistance.
Today’s forecast: Bearish
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Brent crude oil settles on sever losses -Analysis-01-05-2025
Brent crude oil settled bearishly in its last trading on the intraday levels, amid the continuation of the negative pressure that caused by its trading below EMA50, with its stability below $62.00, confirming the extension of the decline, on the other hand, we notice the emergence of positive overlapping signals on the (RSI), after reaching oversold levels, which assisted the price to settle temporarily on the intraday basis, attempting to offload some of this oversold condition.
Therefore, our expectations suggest more of the downside moves in the upcoming intraday trading, conditioned by its stability above $62.00, to target the key support level at $60.00
The expected trading range is between $60.00 support and $62.00 resistance.
Today’s forecast: Bearish
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Ethereum (ETHUSD) keeps its attempts to breach a stubborn resistance -Analysis-01-05-2025
Ethereum (ETHUSD) rose in its last trading on the intraday levels, supported by the emergence of the positive signals on (RSI), and continued positive support due to its trading above EMA50, and under the domination of the bullish correctional trend on the short- term basis and its trading alongside the bias line.
This rise comes within the continuous attempts of the price to breach the key stubborn resistance level at $1,800, to settle above it now, but we need a strong close to confirm this breach.
Therefore, our expectations suggest more of the upside moves in the upcoming intraday trading, conditioned by the stability above $1,800, to target the next main resistance level at $1,900
The expected trading range is between $1,740 support and $1,850 resistance.
Today’s forecast: Bullish
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Bitcoin (BTCUSD) extends its gains -Analysis-01-05-2025
Crude oil continued its rally in its last trading on the intraday levels, supported by some positive technical factors, initially, its lean on a strong dynamic support for the EMA50, which succeeded in containing the previous declines and provided a new rising base that supported the continuation of the upside movement.
This positive action comes amid the domination of the main bullish trend on the short-term basis, and the trading alongside a bullish bias line that reflects the organized bullish movement and the powers balance for the investors interest, which supported the possibilities for the continuation of this bullish track in the near period, with the emergence of the positive signals on the (RSI).
Therefore, our expectations suggest more of the upside moves in the upcoming intraday trading, conditioned by the stability of the support level at $93,00, to target the resistance level at $97,400
The expected trading range is between $93,00 support and $97,400 resistance.
Today’s forecast: Bullish
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