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Evening update for crude oil -11-08-2026
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Evening update for crude oil -11-08-2026
Aug 11, 2026 10:46 AM

Crude Oil prices returned to rise in its last intraday trading, after offloading some of the overbought conditions on the relative strength indicators, gaining bullish momentum that helped it to achieve these gains, affected by breaching a bearish corrective trend line on the short-term basis, with the continuation of the positive support due to its trading above EMA50, representing a dynamic support that reinforces the chances of extending these gains on the near-term basis.

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