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Forecast update for crude oil -09-07-2026
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Forecast update for crude oil -09-07-2026
Jul 9, 2026 6:33 AM

Crude Oil rose in the last intraday trading, preparing to attack the key resistance at $75.00, amid the dominance of bullish corrective wave on the short-term basis, with the continuation of the positive pressure that comes from its trading above EMA50, representing dynamic support base that reinforces the chances for moving higher, especially with the relative strength indicators reaching oversold levels compared to the price move, to suggest forming more bullish momentum.

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