“Crude oil prices retreat after hitting the anticipated target – Analysis – 05-12-2025”

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“Crude oil declined in its recent intraday session after encountering resistance at $59.85, which had been identified as our expected target in the previous analysis. The pullback is seen as a consolidation of recent gains, aiming to build bullish momentum for another attempt to breach this resistance, particularly as the price continues to trade along the short-term minor bullish trend line.

Meanwhile, dynamic support from trading above the EMA50 provides a solid base for the price, complemented by emerging positive signals on the relative strength indicators. This combination keeps the prospects for reaching the resistance level in upcoming sessions intact.”

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