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Crude oil is gathering its positive strength -Analysis-08-07-2025
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Crude oil is gathering its positive strength -Analysis-08-07-2025
Jul 7, 2025 9:37 PM

The (crude oil) declined slightly in its last intraday trading, to gather the gains of its previous rises, attempting at the same time to gain positive momentum that might assist it to rise again, noticing the beginning of negative overlapping signals appearance of the (RSI), after reaching overbought levels, to attempt to offload some of these conditions.

This comes amid the continuation of the prices stability above the significant support ay $66.00, with its trading above EMA50, which represents a dynamic support that keeps the stability of the positive scenario.

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