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Crude oil prices show more positive signs-Analysis-01-08-2025
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Crude oil prices show more positive signs-Analysis-01-08-2025
Jul 31, 2025 8:48 PM

The (crude oil) price settled with slight gains in its last intraday trading, taking advantage of the stability of the key support at $68.45, which provided positive momentum and assisted the price to settle and bounce a little in attempt to recover, this comes amid the dominance of the main bullish trend and its trading alongside a supportive bias line for this trend, with the continuation of the support by its trading above EMA50.

Noticing the emergence of positive overlapping signals on the (RSI) after reaching oversold levels, reinforcing the chances for the continuation of the recovery on the near-term basis, if it kept its current support.

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