The (crude oil) declined slightly in its last intraday trading, after it failed to keep its early gains after reaching and surpassing our target at $66.80, bouncing lower in correctional move that aimed to gather gains of the previous rises, and this decline comes amid the price attempt to offload some of the clear overbought conditions on the (RSI), with the beginning of negative overlapping signals appearance on these indicators.

Despite this decline the main bullish trend remains the dominant on the short-term basis, with the price trading alongside minor and main bias lines, supported by EMA50, which keeps the chance of resuming the rise valid conditioned by holding above the near support levels.