Category: Forex News, News
Copper price confirms the negativity– Forecast today – 25-4-2025
Crude oil prices rose slightly in its recent intraday trading, taking advantage of the temporary positive momentum that is caused by its stability above EMA50, to compensate for some of its previous losses.
Despite this intraday rise, the negative pressures remain valid, due to the price affection by the formed negative rising wedge pattern on the short- term basis, besides the emergence of the negative overlapping signals on (RSI), after entering overbought areas, which reinforces the possibilities of renewing the selling pressures.
Therefore, our expectations suggest (crude oil) decline in its upcoming intraday trading, if it remains stable below $63.20, to target the support at $61.50, preparing to break below it.
The expected trading range is between $64.40 support and $66.90 resistance.
Today’s forecast: Bearish
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
- Full coverage of commodities such as gold, oil, silver, and more
- Full coverage of all major forex currency pairs
- Full coverage of key global indices and stocks
- Full coverage of major cryptocurrencies and meme coins
- Accurate analysis and daily updated price forecasts
- Exclusive and breaking news
- Reliable trading ranges for effective risk management
- Comprehensive educational materials, competitions and prizes!
- Innovative tools to enhance your trading performance
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.
Written by : Editorial team of BIPNs
Main team of content of bipns.com. Any type of content should be approved by us.
Share this article: