Evening update for crude oil-29-05-2025-March 2024-www.financetom.com

Evening update for crude oil-29-05-2025

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Evening update for crude oil-29-05-2025

May 29, 2025 12:43 PM

The (crude oil) declined in its last intraday trading, with the emergence of the negative signals on the (RSI), after reaching overbought levels, to surpass the support of its EMA50, which put it under extra negative pressure which led it to break a bullish correctional trend line on the short-term basis, announcing the end of a potential temporary rise.

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