Forecast update for crude oil -25-08-2025-August 2024-www.financetom.com

Forecast update for crude oil -25-08-2025

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Forecast update for crude oil -25-08-2025

Aug 25, 2025 6:05 AM

The price of (crude oil) rose in its last intraday trading, surpassing the critical resistance level at $63.75, supported by its continuous trading above EMA50, besides the emergence of the positive signals on the (RSI), after the price success in offloading its overbought conditions, opening the way towards achieving more gains, this comes amid its affection by positive technical formation on the short- term basis ( double bottom pattern), providing more stability for the positive scenario.

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