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Forecast update for crude oil -06-08-2025
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Forecast update for crude oil -06-08-2025
Aug 6, 2025 6:59 AM

The price of (crude oil) rose in its last intraday trading, due to the stability of the critical support level at $64.85, providing positive momentum by the emergence of the positive signals on the (RSI), after reaching oversold levels, on the other hand, there is a minor bearish wave dominates on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50.

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