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Evening update for crude oil -11-08-2025
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Evening update for crude oil -11-08-2025
Aug 11, 2025 11:05 AM

The (crude oil) price rose in its last intraday trading, supported by the emergence of the positive signals on the (RSI), retesting the resistance of $63.75, accompanied by testing minor bearish trend line on the short-term, in attempt to recover some previous losses, amid the continuation of the negative pressure that comes from its trading below EMA0, which forms dynamic resistance that prevents the full recovery of the price on the near-term basis.

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