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Crude oil prices are under negative pressures-Analysis-06-08-2025
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Crude oil prices are under negative pressures-Analysis-06-08-2025
Aug 5, 2025 8:58 PM

The (crude oil) price rose slightly in its last intraday trading, in attempt to recover some of its previous losses, attempting to offload the clear oversold conditions on the (RSI).

The minor bearish wave remains the dominance on the short-term basis, amid the continuation of the negative pressure that comes from its trading below EMA50, which keeps its trading limited and confines the chances for strong recovery soon.

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