“Crude oil stays supported by its moving average – Analysis (31 Oct 2025)”

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Crude oil price posted a slight decline in its latest intraday session, while continuing efforts to regain bullish momentum and resume its upward trajectory. The pair remains supported above the EMA50, which acts as a key dynamic support, helping maintain bullish pressure despite the minor pullback.

The short-term bullish trend remains dominant, reinforced by the price trading along the bullish trendline, confirming the strength of this upward track. Relative strength indicators are improving after nearing oversold levels, suggesting potential for a recovery in upcoming sessions, provided key support levels hold.

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