Crude oil price declined during its last intraday trading, affected by its stability of the resistance at $61.75, which represents our suggested target in our previous analysis, to enter corrective move to gather the gains of its previous rises, this decline aimed to gain a new bullish momentum that might allow it to resume its bullish track in its upcoming trading.

At the same time, the price attempts to offload its clear overbought levels on the relative strength indicators, especially with the emergence of the negative signals, amid the continuation of the dominance of a steep bullish corrective wave on the short-term basis, indicating the strength of the current trend despite the intraday declines.

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