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Forecast update for crude oil -16-07-2025
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Forecast update for crude oil -16-07-2025
Jul 16, 2025 5:47 AM

The price of (crude oil) declined in its last intraday trading, affected by breaking a main bullish trend line on a short-term basis, with the continuation of the negative pressure due to its trading below EMA50, besides the emergence of the negative signals on the (RSI), after offloading the oversold conditions previously, which opens the way for recording more of the losses.

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