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Forecast update for crude oil -05-06-2025
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Forecast update for crude oil -05-06-2025
Jun 5, 2025 4:52 AM

The price of (crude oil) rose in its recent intraday trading, due to its leaning on the support of its EMA50, providing some positive momentum, accompanied by the emergence of the positive signals on the (RSI), after reaching oversold levels, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside a bias line.

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