Crude oil prices attempt to breach its current resistance - Analysis- 06-04-2026

Crude Oil prices fluctuated during recent intraday trading, after the stability of the current resistance at $105.00, where it attempts to gain positive momentum that might help it to breach this barrier, and offloading its overbought conditions on the relative strength indicators, especially with the emergence of negative signals from there, which justifies the current fluctuation.

Despite this performance, the main bullish trend remains dominant on short-term basis, supported by the trading alongside supportive trend line, besides the continuation of the dynamic support that comes from its trading above EMA50, which reinforces the chances of the rise on near-term basis.