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Forecast update for crude oil -11-06-2025
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Forecast update for crude oil -11-06-2025
Jun 11, 2025 4:59 AM

The price of (crude oil) renewed its gains in its recent intraday trading, to succeed in surpassing the critical resistance at $64.75 in a major step for the breaching success, supported by its continuous trading above its EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, besides forming a positive divergence on the (RSI), after reaching oversold levels, with the beginning of the positive signals emergence from there.

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