“Crude Oil Works to Offload Overbought Pressure – Technical Analysis (30 October 2025)”

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“Crude oil declined in its latest intraday session, influenced by the appearance of a negative divergence on the relative strength indicators, signaling that overbought conditions need to be relieved before any new upward move can occur. This pullback occurred near the steep short-term bullish corrective trendline, underscoring the strength of the current bullish trend and its ability to continue supporting price action.

The price is also receiving key dynamic support from trading above the EMA50, which reinforces the potential for a near-term recovery and the resumption of gains, provided it remains above the trendline support.”

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