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Evening update for crude oil -09-04-2026
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Evening update for crude oil -09-04-2026
Apr 9, 2026 11:56 AM

Crude oil price slipped lower in its last intraday trading, due to the stability of the resistance at $94.70, accompanied by forming negative divergence on the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, with the emergence of the negative signals from them, amid the dominance of bearish corrective wave on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressure on the price.

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