Evening update for crude oil -01-07-2026-July 2024-www.financetom.com

Evening update for crude oil -01-07-2026

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Evening update for crude oil -01-07-2026

Jul 1, 2026 1:31 PM

Crude Oil prices declined in their latest intraday trading, with the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the dominance of the main bearish trend on the short-term basis, with the emergence of positive overlapping signals from the relative strength indicators, after reaching oversold levels, which limits its downside moves in the near upcoming period.

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