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Evening update for crude oil -08-07-2026
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Evening update for crude oil -08-07-2026
Jul 8, 2026 12:32 PM

Crude Oil prices trading fluctuated on its last intraday levels, due to the stability of the resistance at $75.00, attempting to gather previous gains, to attempt to offload some of its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, amid the dominance of bullish corrective wave on the short-term basis, with the continuation of the negative pressure that comes from its trading above EMA50, reinforcing the chances of the rise return in the upcoming near period.

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