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Forecast update for crude oil -17-07-2025
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Forecast update for crude oil -17-07-2025
Jul 17, 2025 5:49 AM

The price of (crude oil) witnessed calm trading in its last intraday levels, amid its affection by breaking a main bullish trend line previously, with the continuation of the negative pressure that comes from its trading below EMA50, besides the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, indicating the price approach from beginning a new bearish wave.

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