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Evening update for crude oil -17-03-2026
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Evening update for crude oil -17-03-2026
Mar 17, 2026 10:43 AM

The (crude oil) price rose in its last intraday trading, amid the dominance of the main bullish trend on short-term basis, supported by its trading alongside supportive trend line for this path, besides the continuation of its trading above EMA50, providing supportive base that reinforces its intraday gains, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, after offloading its oversold conditions, which obstructs its improvement in the upcoming period.

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