The (crude oil) kept moving in a tight sideways range trading between $65.56 resistance and $63.70 support, indicating a state of confusion and anticipation in the markets, waiting for a new motive to push the price to break this range.

This comes under the dominance of a bearish correctional wave on the short-term basis, which shows the weakness of the current bullish momentum, with the continuation of the negative pressure that comes from the trading below EMA50, to notice the (RSI) reaching overbought levels, reinforcing the possibilities for a bearish rebound if the price failed to breach the mentioned resistance.