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Forecast update for crude oil -28-08-2025
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Forecast update for crude oil -28-08-2025
Aug 28, 2025 6:10 AM

The price of (crude oil) rose in its last intraday trading, despite the emergence of the negative signals on the (RSI), after reaching overbought levels, indicating the strength and dominance of the bullish momentum, getting ready to reach the current resistance at $64.00, taking advantage of the dynamic support that is represented by its trading above EMA50, which prevents the price decline in the last period, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside a supportive bias line for this trend.

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