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Forecast update for crude oil -29-07-2025
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Forecast update for crude oil -29-07-2025
Jul 29, 2025 6:45 AM

The price of (crude oil) declined in tight sideways trading on its last intraday levels, to gain positive momentum that might help it to confirm breaching the current resistance level at $66.55, attempting to clear overbought signals on the (RSI), especially with the beginning of the negative signals emergence from there, affected by breaching a minor bullish bias line on the short-term basis, supported by its continuous trading above EMA50,forming a dynamic support that assist the stability of the bullish track.

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