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Forecast update for crude oil -03-07-2026
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Forecast update for crude oil -03-07-2026
Jul 3, 2026 7:34 AM

Crude Oil reinforces its cautious gains in the last intraday trading, amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, which represents a dynamic resistance that reduces the chances of sustainable recovery in the near period, on the other hand, we notice the beginning of positive signals emergence on the relative strength indicators, after reaching oversold levels, which might reduce the losses.

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