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Forecast update for crude oil -04-06-2025
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Forecast update for crude oil -04-06-2025
Jun 4, 2025 4:51 AM

The price of (crude oil) rose in its recent intraday trading, getting ready to attack the stubborn resistance level at $63.50, with the return of the positive signals on the (RSI), after it succeeded to offload its overbought condition, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside a bias line, taking advantage from its continuous trading above its EMA50, reinforcing the stability of the positive scenario.

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