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Forecast update for crude oil -10-07-2026
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Forecast update for crude oil -10-07-2026
Jul 10, 2026 6:35 AM

Crude Oil fluctuated on the last intraday levels, attempting to gain the required bullish momentum to help it rise again, affected by the beginning of forming positive divergence on the relative strength indicators after reaching oversold levels, exaggeratedly compared to the price move, with the emergence of the positive signals from them, benefiting from the dynamic support that is represented by its trading above EMA50, reinforcing the stability of the dominant bullish corrective wave on the short-term basis.

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