Crude oil experienced fluctuating movement near its recent intraday levels, driven by the dominance of a bullish corrective wave that allowed it to stabilize above the key resistance level at $61.50. However, this upward momentum is facing continued downward pressure, as prices remain below the 50-day Exponential Moving Average (EMA50). Additionally, bearish signals have emerged from relative strength indicators, which are showing negative crossovers after entering overbought territory. These conflicting signals have contributed to the current market indecision, as crude attempts to define its near-term trend.
VIP Trading Signals Performance (BestTradingSignal.com | Sept 29 – Oct 3, 2025
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Full VIP signals performance report for September 22–26, 2025:
