Rephrased Version:
Crude oil prices extended their decline in the latest intraday session, breaking the $59.20 support level under the influence of a previously formed short-term bearish pattern, the falling wedge. This breakdown reinforces selling pressure, particularly as prices remain below the 50-period EMA, limiting any significant recovery attempts.
Relative strength indicators are also showing negative signals despite oversold readings, highlighting weak bullish momentum and keeping sellers in control. The market remains poised, awaiting a clear signal for either a new low or the continuation of the bearish wave.
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Full VIP signals performance report for September 22–26, 2025:
