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Evening update for crude oil -09-06-2026
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Evening update for crude oil -09-06-2026
Jun 9, 2026 10:37 AM

Crude oil prices fluctuated during recent intraday trading, after reaching the key support at $86.00, which represented expected target in our previous analysis, gaining some positive momentum to recover some previous losses, at the same time the price is attempting to offload some of its clear oversold conditions on the relative strength indicators, especially with emergence of the positive signals from them, amid the continuation of the negative pressure that comes from its trading below EMA50, with its trading alongside minor bearish trend line on the short-term basis.

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