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Evening update for crude oil -14-08-2025
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Evening update for crude oil -14-08-2025
Aug 14, 2025 1:09 PM

The (crude oil) price rose in its last intraday trading, affected by the stability of the support at $62.00, gaining positive momentum that helped it to breach minor bearish trend line on the short-term basis, supported by the emergence of the positive signals on the (RSI), to notice reaching overbought levels, to suggest forming negative divergence, amid the continuation of the negative pressure that comes from its trading below EMA50, weakening any possibility for the price recovery on the near-term basis.

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