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Forecast update for crude oil -19-05-2026
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Forecast update for crude oil -19-05-2026
May 19, 2026 5:55 AM

Crude Oil prices are witnessing volatile intraday trading around their recent levels, as the market attempts to gain positive momentum that could help break through the stubborn resistance level at $104.00. The price continues to trade above EMA50, which reinforces the stability and dominance of the main short-term bullish trend. However, on the other hand, the relative strength indicators are beginning to show a negative crossover, suggesting the formation of a negative divergence that may hinder the chances of further recovery in the near term.

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