Crude Oil Prices Extend Gains – Analysis 19-11-2025

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Crude oil prices dipped slightly in their latest intraday session, appearing to undergo a profit-taking move following recent gains, after testing key resistance at $60.25, the upper boundary of the short-term sideways trading range.

The price remains within a bullish corrective wave, supported by stability above the EMA50, while positive signals on the relative strength indicators persist. This suggests a strong likelihood of regaining bullish momentum once the current corrective pressure eases.”**

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