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Forecast update for crude oil -18-07-2025
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Forecast update for crude oil -18-07-2025
Jul 18, 2025 5:50 AM

The price of (crude oil) settled in its last intraday trading, confirming the positive behavior that began since yesterday, where it surpassed the resistance of EMA50, getting rid of its negative pressure, drawing new bullish track alongside a trend line on the short-term basis, but it might face some obstacles, where we notice the beginning of negative overlapping signals on the (RSI),after reaching overbought levels, which might decelerate its upcoming gains.

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