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Forecast update for crude oil -16-09-2025
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Forecast update for crude oil -16-09-2025
Sep 16, 2025 5:17 AM

Crude oil prices declined its last trading on the intraday basis, surrendering to the negative pressure due to the stability of the resistance at $62.85, accompanied by reaching the resistance of EMA50, intensifying the negative pressure, amid the dominance of the main bearish trend on the short-term basis, and its trading alongside bias line that reduce the chances for the recovery on the near-term basis.

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