The (crude oil) price kept declining in its last intraday trading, affected by a negative technical formation that has formed previously on the intraday levels, which is represented by the head and shoulders pattern, this decline was accompanied by its exit from minor bullish channels range that limited its move on the short-term basis, which increased the strength of the selling pressures.

This decline led to breaking the support of its EMA50, which increased the negative pressures on the price in the near-term basis, and increased the possibilities for the bearish trend continuation unless regaining the positive momentum quickly.

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