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Evening update for crude oil -04-05-2026
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Evening update for crude oil -04-05-2026
May 4, 2026 12:30 PM

Crude oil prices rose strongly in its recent intraday trading, supported by its continued trading above EMA50, which provides dynamic support base to gain renewed bullish momentum, amid the dominance of the main bullish trend on the short-term basis, besides the emergence of the positive signals from relative strength indicators after reaching oversold levels.

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