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Crude oil price soars high -Analysis-13-06-2025
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Crude oil price soars high -Analysis-13-06-2025
Jun 12, 2025 9:01 PM

The (crude oil) moved bullishly in its last intraday trading, breaching all the near resistance levels, supported by the rise of supply concerns in the middle east, reinforcing the appetite of the risk for the investors and pushed the price to rise.

This strong performance comes amid the continuation of the main bullish trend domination on the short-term basis, besides the price move alongside a minor and main bias line, besides the emergence of the positive signals on the (RSI), after it succeeded in offloading its overbought conditions in its previous trading, providing extra push for resuming the rise.

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