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Forecast update for crude oil -22-08-2025
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Forecast update for crude oil -22-08-2025
Aug 22, 2025 6:01 AM

The price of (crude oil) rose in its last intraday trading, attacking the critical resistance at $63.75, amid bullish correctional trading on the short-term basis, taking advantage of the dynamic support that is represented by its trading above EMA50, providing more stability for the bullish scenario on the price, especially with the emergence of the positive signals on the (RSI), after offloading some of its overbought conditions, which allows it to target new resistance levels.

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