The (crude oil) price kept declining in the last intraday trading, affected by the negative pressures that comes from its stability below EMA50, besides the continuation of the bearish trend on the short-term basis, and the trading alongside minor bias line indicates the strength of the negative track, with its approach from the critical support at $61.65 that tests its strength.

On the other hand, the (RSI) reached oversold levels compared to the price movement, indicating the weakness of the selling pressures on the intraday basis, and it might limit the decline.

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