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Evening update for crude oil -16-03-2026
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Evening update for crude oil -16-03-2026
Mar 16, 2026 10:43 AM

The (crude oil) price declined in its last intraday trading, amid the emergence of the negative signals from relative strength indicators, after reaching overbought levels, in attempt to look for a higher low to take it as a base that may help it gain the required positive momentum for its recovery, amid the continuation of the dynamic support that is represented by its trading above EMA50, which reinforces the stability and dominance of the main bullish trend on short-term basis.

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