crude oil settled with limited gains in its last intraday trading, supported by the emergence of the positive signals on the relative strength indicators, after offloading its overbought conditions, providing temporary momentum that helped it to achieve these slight rises, this bullish trading indicates the attempts of the market to regain the bullish momentum after the relative weakness in performance.
The price remains facing strong resistance at $57.80 level, which represents key barrier that limits the continuation of the recover, especially amid the continuation of the negative pressure that comes from its trading below EMA50, and the dominance of the main bearish trend remains clear, with the continuation of the trading alongside bearish trendline that confirms the weakness of the current bullish momentum.
VIP Trading Signals Performance by BestTradingSignal.com (13-17 Oct, 2025)
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