The (crude oil) price rose in the last trading to settle above the key resistance of $65.00, confirming its breach, supported by the continuation of its trading above EMA50, and under the dominance of bullish correctional trend on the short-term basis alongside supportive bias line.
This comes with the emergence of positive overlapping signals on the (RSI), after the price success in offloading its overbought conditions, opening the way for continuing the gains on the near-term basis.
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