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Crude oil attacks a critical resistance -Analysis-10-06-2025
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Crude oil attacks a critical resistance -Analysis-10-06-2025
Jun 9, 2025 8:58 PM

The (crude oil) continued its rise in its last intraday trading, approaching from testing the critical resistance level at $64.75, this move comes amid the dominance of the bullish trend on the short-term basis, keeping its trading alongside a bullish bias, providing an extra technical support.

The price gets its positive momentum from its stability above its EMA50, besides the emergence of the positive signals on the (RSI), especially after its success in offloading its previous overbought conditions, which eases the way for more upside moves in its upcoming moves.

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