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Crude oil gets ready to break a critical support-Analysis-30-05-2025
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Crude oil gets ready to break a critical support-Analysis-30-05-2025
May 29, 2025 8:44 PM

The (crude oil) price declined in its last intraday trading, with the continuation of the negative pressure that comes from its trading below EMA50, getting ready to break the critical support level at $60.00, this level shows a strong stability in several previous attempts, the beginning of positive overlapping signals on the (RSI) supports the price, after reaching oversold levels, which might assist in calming the decline temporarily, with the continuation of the bullish correctional trend on the short-term basis.

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