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Crude oil witnesses active positive trading -Analysis-21-05-2025
The (crude oil) price jumped strongly in its last intraday trading, to reach our previous target at $63.50, which decreased a part of its early gains by the stability of the resistance at this level, this performance comes with a dominance bullish correctional track on the price on the short-term basis, supported by its trading alongside a positive bias line.
The dynamic support continues by the stability of the support above its EMA50, reinforcing the stability of the bullish trend, at the same time we notice the beginning of positive signals emergence on the (RSI), after its decline towards oversold levels, which might ease the way towards a new attempt for breaching the mentioned resistance.
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Gold attacks main resistance -Analysis-21-05-2025
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