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Forecast update for crude oil -06-11-2025
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Forecast update for crude oil -06-11-2025
Nov 6, 2025 4:55 AM

The price of (crude oil) witnessed fluctuated trading in its last intraday levels, with the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, attempting to offload some of these conditions, however the price remains under negative pressure that comes from its trading below EMA50, reinforcing the stability of the main bearish track on the short-term basis and its trading alongside trendline.

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