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Crude oil stands at a key resistance -Analysis-07-05-2025
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Crude oil stands at a key resistance -Analysis-07-05-2025
May 25, 2025 7:02 PM

The crude oil price settled high in its recent intraday trading, to test the critical resistance at $59,65, this level represents a turning point, accompanied by reaching the resistance of EMA50, and testing the bearish trend line on the short- term basis.

The beginning of the negative signals emergence on the (RSI) strengthens this area, after reaching exaggerated overbought areas compared to the price move, which suggests forming a negative divergence.

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