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Forecast update for crude oil -13-03-2026
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Forecast update for crude oil -13-03-2026
Mar 13, 2026 6:39 AM

The price of (crude oil) declined in its last intraday trading, in attempt to gain bullish momentum that might help it to recover and rise again, attempting to offload of some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this path, taking advantage of the positive pressure that comes from its trading above EMA50, reinforcing the chances of the price recovery on near period.

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