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Forecast update for crude oil -05-09-2025
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Forecast update for crude oil -05-09-2025
Sep 5, 2025 6:20 AM

The price of (crude oil) declined in its last intraday trading, breaking the key support at $62.85, confirming the price momentum to deepen its losses, amid its affection by breaking a bullish correctional trend line on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, besides the emergence of the negative signals on the (RSI), after reaching overbought levels, opening the way for recording more of the losses.

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