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Evening update for crude oil -25-08-2025
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Evening update for crude oil -25-08-2025
Aug 25, 2025 12:05 PM

The (crude oil) extended its gains in its last intraday trading, affected by breaching the key resistance at $63.75, taking advantage of the dynamic support that is represented by its trading above EMA50, besides its affection by positive technical formation on the short-term basis, which is represented by the double bottom pattern, besides the emergence of the positive signals on the (RSI), despite reaching overbought levels.

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