Crude oil prices have tested the critical resistance level at $70.30 but closed the day below it, maintaining stability under this threshold. The 50-day Exponential Moving Average (EMA) converges with this resistance, further reinforcing its strength.
Meanwhile, the Relative Strength Index (RSI) is gradually losing its positive momentum, signaling a potential shift in market sentiment. Analysts will be watching for any signs of a breakout or reversal in the coming sessions.
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