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Forecast update for crude oil -08-05-2025
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Forecast update for crude oil -08-05-2025
May 25, 2025 7:04 PM

The price of crude oil rose in its last intraday trading, affected by the stability of the support level $57.40, providing positive momentum that help the price in offloading some of its oversold conditions on the (RSI), especially with the emergence of the positive signals from it, with the continuation of the negative pressure due to its trading below its moving average and the domination of the main bearish trend.

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