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Forecast update for crude oil -07-01-2026
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Forecast update for crude oil -07-01-2026
Mar 10, 2026 11:52 PM

The price of (crude oil) rose in its last intraday trading, attempting to recover some previous losses, and attempting to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from there, amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of full recovery on the near-term basis.

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