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Evening update for crude oil -06-08-2026
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Evening update for crude oil -06-08-2026
Aug 6, 2026 10:41 AM

Crude Oil prices rose during the latest intraday trading, supported by the emergence of the positive signals from the relative strength indicators and the stability of the key support level at $75.00, attempting to recover some of its previous losses, amid the continuation of the negative pressure that comes from its trading below EMA50, reducing the chances of sustainable recovery on the near-term basis, especially with the dominance of the bearish corrective trend on the short-term basis, with its trading alongside supportive trend line for this trend.

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