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Forecast update for crude oil-02-06- 2025
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Forecast update for crude oil-02-06- 2025
Jun 2, 2025 4:48 AM

The price of (crude oil) settled on a rise in its recent intraday trading, taking advantage of the dynamic support that is represented by its trading above the EMA50, and the stability of the critical support at $60.00, the sideways range remains the dominant on the short-term basis between this support and the resistance at $63.50, on the other hand, we notice the reach of the (RSI) indicators to exaggerated overbought levels, might decelerate its upcoming gains.

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