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Crude oil gathers its positive strength-Analysis-04-06-2025
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Crude oil gathers its positive strength-Analysis-04-06-2025
Jun 3, 2025 8:51 PM

The (crude oil) declined slightly in its last intraday trading, in a natural correctional move to gain some positive momentum, that might allow it to resume its rise and attempt to breach the critical resistance at $63.50, this decline comes amid the continuation of the bullish trend on the short-term basis, supported by its trading alongside a bullish bias line.

The price gets positive support from its stability above EMA50, reinforcing the chances for the continuation of the bullish trend, especially with the emergence of the positive signals on the (RSI), after its approach from neutral areas that provide more flexibility in resuming the rise in the upcoming session.

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