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Evening update for crude oil -07-08-2026
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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.

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