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Forecast update for crude oil -14-08-2025
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Forecast update for crude oil -14-08-2025
Aug 14, 2025 5:09 AM

The price of (crude oil) declined in its last intraday trading, preparing to break the current support level at $62.00, amid the trading alongside a minor bearish trend line on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, besides the (RSI) reach to overbought levels, which suggest the beginning of forming negative divergence.

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