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Evening update for crude oil -29-08-2025
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Evening update for crude oil -29-08-2025
Aug 29, 2025 12:10 PM

The (crude oil) slipped lower in its last intraday trading, amid its attempts to look for a rising low to take it as a base to gain the required positive momentum to recover, amid the dominance of bullish correctional wave on the short-term basis, with the continuation of the positive pressure that comes from its trading above EAM50, noticing the (RSI) reach to the oversold levels, exaggeratedly compared by the price move.

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