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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 12, 2025 11:07 AM

The (crude oil) price surrendered to the negative pressures on its last intraday levels, declining affected by the critical resistance level at $36.75, amid the dominance of the bearish trend and its trading alongside a minor bias line, with the continuation of the negative pressure that comes from its trading below EMA50, besides the emergence of the negative signals on the (RSI), after reaching overbought levels.

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