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Evening update for crude oil -02-06-2025
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Evening update for crude oil -02-06-2025
Jun 2, 2025 12:49 PM

The (crude oil) price returned to rise in its last intraday trading, after offloading some of its clear overbought conditions on the (RSI), especially with the beginning of negative overlapping signals appearance, but the dynamic support is represented by its trading above its EMA50, to rescue the price from deepening its losses, under the domination of strong bullish wave on the intraday levels.

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