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Evening update for crude oil -09-07-2026
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Evening update for crude oil -09-07-2026
Jul 9, 2026 12:33 PM

Crude Oil price declined in its last intraday trading, attempting to look for a rising low to use it as a base that might help it to gain the required bullish momentum for its recovery, amid the continuation of the dynamic support that is represented by its trading above EMA50, with the dominance of bullish corrective wave on the short-term basis, with the relative strengths reaching oversold levels, exaggeratedly compared to the price move, indicating a beginning for forming positive divergence that reinforces the chances of the prices recovery in the near upcoming period.

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