oil6

Crude oil price leans on critical support

The (crude oil) settled low in its last intraday trading, leaning on the critical support at $66.00, accompanied by the price lean on the support of the MA50, besides testing the main bullish trend line on the short-term basis, indicating stability in the support levels.

 

On the other hand, there are signs for forming a positive divergence on the (RSI), after reaching exaggerated oversold levels, and the emergence of the positive signals on these indicators, which might support a potential bullish rebound in the upcoming trading.

 

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