Forecast update for crude oil -23-10-2025-March 2024-www.financetom.com

Forecast update for crude oil -23-10-2025

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Forecast update for crude oil -23-10-2025

Oct 23, 2025 5:36 AM

The price of (crude oil) witnessed sharp gains in its last intraday trading, reaching our morning- suggested target at $61.75 resistance, supported by its continuous trading above EMA50, affected by breaching a main bearish trendline on the short-term basis, this rise came despite the relative strength indicators reaching overbought levels, indicating the volume and strength of the bullish momentum.

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