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Evening update for crude oil -31-07-2025
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Evening update for crude oil -31-07-2025
Jul 31, 2025 12:47 PM

The (crude oil) declined in its last intraday trading, amid the emergence of the negative signals on the (RSI), after reaching overbought levels to lean on the key support level at $68.45, in attempt to look for a rising low to take it as a base that might help it to gain the required positive momentum to recover, amid the dominance of the main bullish trend and its trading above its EMA50.

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