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Evening update for crude oil -12-08-2026
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Evening update for crude oil -12-08-2026
Aug 12, 2026 10:47 AM

Crude Oil price settles lower in its last intraday trading, amid the emergence of negative signals from the relative strength indicators, attempting to gain bullish momentum that might help it to recover and rise again, amid the dominance of strong minor bullish wave on the short-term basis, with the continuation of the positive pressure that comes from its trading above EMA50, which reinforces the chances of near term recovery.

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