The (Crude oil) price declined in its last intraday trading, after reaching the resistance of its EMA50, forming a barrier against resuming the bullish track and pushing it to rebound lower, especially after surpassing the bullish correctional channels range, which supported its trading on the short-term basis.

This decline came with the emergence of negative signals on the (RSI), after reaching exaggerated overbought levels compared by the price movement, which suggests the possibility of forming a negative divergence that increases the technical pressure on the price move, which suggests near bearish movements.

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