Crude oil price declined in its last intraday trading, affected by the negative pressure due to the continuation of its trading below EMA50, which reinforces the dominance of the main bearish trend on the short-term basis and its trading alongside supportive trend line for this negative track.

Noticing the beginning of negative crossover on the relative strength indicators after offloading the oversold conditions, increasing the negative pressure on the price, and increasing the possibilities of extending the bearish wave in its upcoming trading.

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