The (crude oil) price rose in the last intraday trading, attempting to surpass some of its previous losses, and offloading its clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from there, providing limited space for the attempts to rise.

The pressure remains valid with the continuation of the main bearish trend dominance on the short-term basis, amid its trading below EMA50, which forms an obstacle that prevents the recovery, making the chances of the upside rebound temporary, unless it succeeds in breaching strong resistance levels.

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