The (crude oil) declined in its last intraday trading, continuing its move within sideways range trading for the last four days, indicating traders cautious sentiment and uncertainty in the markets, especially with the price confinement within a confused area that is considered as a base for an upcoming rally for upside or downside depending on the upcoming break point.

This came with the continuation of the bearish correctional trend on the short-term basis, besides the negative pressure that comes from the continuation of the trading below EMA50, indicating the weakness of the bullish momentum, and the (RSI) indicators reinforce this negative overview, with the continuation of the negative signals emergence from them.