Crude oil prices witnessed fluctuation on their last intraday levels, with attempts to improve the performance after the emergence of bullish overlapping signals on the relative strength indicators, which shows some positive support that may limit the trading in the near-term basis.
However, crude oil remains under clear selling pressure due to the continuation of its trading below EMA50, besides the dominance of the bearish trend on the short-term basis, which makes the recovery chances depending on surpassing key technical levels as a main condition for changing the current negative scene.
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