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Forecast update for crude oil -12-06-2025
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Forecast update for crude oil -12-06-2025
Jun 12, 2025 5:00 AM

The price of (crude oil) declined in its recent intraday trading, amid the emergence of the negative signals on the (RSI) after reaching overbought levels, attempting to look for a higher low to take it as a base that might assist it to gain the required positive momentum to recover, amid the dominance of the main bullish trend on the short-term basis alongside the bias line, with the continuation of the positive support that comes from its trading above the EMA50.

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