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Forecast update for crude oil -29-01-2026
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Forecast update for crude oil -29-01-2026
Mar 11, 2026 2:07 AM

The price of (crude oil) extended its gains in its last intraday trading, reaching the expected target in our previous analysis at $64.40 resistance, amid the dominance of the main bullish trend on short-term basis, with the continuation of the positive pressure due to its trading above EMA50, besides the emergence of the positive signals from relative strength indicators, despite reaching overbought levels, which might reduce the upcoming gains.

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