financetom
Technology
financetom
/
Technology
/
Evening update for crude oil -07-08-2026
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Evening update for crude oil -07-08-2026
Aug 7, 2026 10:42 AM

Crude Oil prices rose during the latest intraday trading, retesting the resistance of a bearish corrective trend line on the short-term basis, amid the continuation of the negative pressure that comes from its trading below EMA50, which represents a dynamic resistance that reduces the chances of sustained recovery in the near upcoming period, especially with the emergence of the negative signals from the relative strength indicators after reaching overbought levels.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved