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Evening update for crude oil -10-04-2026
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Evening update for crude oil -10-04-2026
Apr 10, 2026 11:57 AM

Crude oil prices witnessed choppy and sideways intraday trading, while remaining stable below the key resistance level at $94.70, with the continuation of the negative pressure as it trades below EMA50, which reduces the chances of a near-term recovery, especially with a short-term corrective bearish wave dominance. On the other hand, early positive signals are starting to emerge from relative strength indicators, providing the price with some temporary support and mild bullish momentum.

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