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Forecast update for crude oil -03-06-2025
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Forecast update for crude oil -03-06-2025
Jun 3, 2025 4:49 AM

The price of (crude oil) rose slightly in its recent intraday trading, in attempt to recover after fluctuated station that targeted gaining positive momentum to begin a new bullish wave, and the price is attempting to offload its overbought condition that was clear on the (RSI) previously, and it succeeded to do it, amid the continuation of the positive support that comes from its trading above its EMA50.

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