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Forecast update for crude oil -04-09-2025
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Forecast update for crude oil -04-09-2025
Sep 4, 2025 6:19 AM

The price of (crude oil) continued the decline in its last intraday trading, to reach our morning target at the support level at $62.85, amid the continuation of the negative pressure that comes from its trading below EMA50, affected by breaking bullish correctional trend line on the short-term basis, on the other hand, we notice the emergence of the positive signals on the (RSI), after reaching oversold levels, which might reduce the upcoming losses, especially if the mentioned support settles.

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