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Crude oil declines affected by critical resistance -Analysis-11-06-2025
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Crude oil declines affected by critical resistance -Analysis-11-06-2025
Jun 10, 2025 8:59 PM

The (crude oil) declined in its last intraday trading, affected by the stability of the critical resistance at $64.75, accompanied by the emergence of the negative signals on the (RSI), which increased the selling pressure on the price, noticing that the price reached exaggerated oversold levels, showing a gradual weakness in the negative pressure.

On the other hand, the main bullish trend remains dominant on the short-term basis, with its trading alongside a bullish bias line, supported by its continuation above its EMA50, and the price attempts to gain new positive momentum, that might allow it to breach the critical resistance and resume the rise.

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