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Forecast update for Crude oil -05-11-2025
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Forecast update for Crude oil -05-11-2025
Nov 5, 2025 4:52 AM

Crude oil prices extended its gains on their last intraday levels, supported by the emergence of the positive signals on the relative strength indicators, to surpass the resistance of its EMA50, to get rid of its negative pressure, especially with the last performance which suggest forming technical pattern to complete the bullish corrective trend on the short-term basis (the symmetrical triangle pattern).

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