Evening update for crude oil -16-09-2025-March 2024-www.financetom.com

Evening update for crude oil -16-09-2025

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Evening update for crude oil -16-09-2025

Sep 16, 2025 11:18 AM

The (crude oil) surged in its last intraday trading, to succeed in breaching the critical resistance level at $63.65, this level represents neckline for positive technical formation on the short-term basis, which is the double bottom pattern, supported by its trading above its EMA50, with the emergence of the positive signals from the relative strength indicators, despite reaching overbought levels.

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