Crude oil prices attempt to offload the oversold conditions – Analysis 20-08-2025
Crude oil prices rose in last intraday trading, attempting to recover from previous losses and offload oversold conditions on the RSI
Despite the rise, the price faces strong pressure and remains under bearish trend on short-term basis
The (crude oil) price rose in its last intraday trading, attempting to recover some of its previous losses, taking advantage of the attempts to offload the clear oversold conditions on the (RSI), especially with the emergence of positive overlapping signal that indicates improvement in the technical momentum.
Despite this rise, the price remains facing strong pressure with the continuation of its dynamic resistance at the EMA50, besides the stability of the trading under the dominance of the bearish trend on the short-term basis, reducing the chances for recovery continuation and impose cautious against any upcoming rising attempt.
