financetom
Technology
financetom
/
Technology
/
Crude oil attacks a critical resistance -Analysis-10-06-2025
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Exploring The Competitive Space: Palantir Technologies Versus Industry Peers In Software
Exploring The Competitive Space: Palantir Technologies Versus Industry Peers In Software
May 16, 2024
In the ever-evolving and intensely competitive business landscape, conducting a thorough company analysis is of utmost importance for investors and industry followers. In this article, we will carry out an in-depth industry comparison, assessing Palantir Technologies ( PLTR ) alongside its primary competitors in the Software industry. By meticulously examining key financial metrics, market positioning, and growth prospects, we aim...
Market Analysis: Super Micro Computer And Competitors In Technology Hardware, Storage & Peripherals Industry
Market Analysis: Super Micro Computer And Competitors In Technology Hardware, Storage & Peripherals Industry
May 16, 2024
In today's rapidly changing and fiercely competitive business landscape, it is essential for investors and industry enthusiasts to thoroughly analyze companies. In this article, we will conduct a comprehensive industry comparison, evaluating Super Micro Computer ( SMCI ) against its key competitors in the Technology Hardware, Storage & Peripherals industry. By examining key financial metrics, market position, and growth prospects,...
Evaluating GameStop Against Peers In Specialty Retail Industry
Evaluating GameStop Against Peers In Specialty Retail Industry
May 16, 2024
In the fast-paced and cutthroat world of business, conducting thorough company analysis is essential for investors and industry experts. In this article, we will undertake a comprehensive industry comparison, evaluating GameStop ( GME ) in comparison to its major competitors within the Specialty Retail industry. By analyzing crucial financial metrics, market position, and growth potential, our objective is to provide...
European Equities Traded in the US as American Depositary Receipts Trend Lower in Thursday Trading
European Equities Traded in the US as American Depositary Receipts Trend Lower in Thursday Trading
May 16, 2024
11:04 AM EDT, 05/16/2024 (MT Newswires) -- European equities traded in the US as American depositary receipts were trending moderately lower late Thursday morning, declining 0.61% to 1,426.72 on the S&P Europe Select ADR Index. From continental Europe, the gainers were led by biopharmaceutical companies DBV Technologies ( DBVT ) and MorphoSys ( MOR ) , which rose 7.3% and...
Copyright 2023-2025 - www.financetom.com All Rights Reserved