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Forecast update for crude oil -31-07-2025
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Forecast update for crude oil -31-07-2025
Jul 31, 2025 4:47 AM

The price of (crude oil) began the recovery, recording a slight rise in its last intraday trading, after it managed to gain positive momentum and offloading its clear overbought conditions on the (RSI), opening the way for achieving more of the gains on a near-term basis.

This performance comes amid the stability of the price under the main bullish trend on the short-term basis, with the continuation of its trading alongside a bias line that represents a dynamic support that reinforces its positive stability.

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