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Crude oil witnesses fluctuated trading -Analysis-03-06-2025
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Crude oil witnesses fluctuated trading -Analysis-03-06-2025
Jun 2, 2025 8:49 PM

The (crude oil) fluctuated in its last intraday trading, in its way to offload its clear overbought condition on the (RSI), especially after the emergence of the negative signals, which might press on the price temporarily and limit its bullish wave.

The main trend remains supported by the stability of the price above its EMA50, which represents an important dynamic support, besides the continuation of the domination of strong bullish wave on a short-term basis, keeping the bullish overview if the main support levels remain intact.

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