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Forecast update for crude oil -24-10-2025
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Forecast update for crude oil -24-10-2025
Oct 24, 2025 5:34 AM

The price of (crude oil) rose in its last intraday trading, breaching the key resistance at $61.75, amid the dominance of the bullish corrective trend on the short-term basis, with the continuation of the dynamic pressure that is represented by its trading above EMA50, this rise came after offloading the overbought conditions on the relative strength indicators, opening the way for achieving more of the gains on the near-term basis.

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