Crude oil prices slipped lower in their last intraday trading, after it failed to keep its technical support that is represented by the EMA50, putting it under growing pressure that pushed it to break the bullish corrective trend line on the short-term basis, this technical break led it lose its bullish momentum and cancel any attempt to resume the rise, which reinforces the dominance of the bearish trend.
At the same time, the negative signals are emerging on the relative strength indicators despite entering sharp oversold levels, indicating the continuation of the selling pressure on the near-term basis, unless showing strong rebound signals that confirm the ability of regaining its balance.
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