The (crude oil) price rose in the last intraday trading, taking advantage of its stability above EMA50, which provides intraday support that reinforces the recovery attempts.

The main bearish trend remains the dominant on the short-term basis, where the trading settles alongside bias line that confines the strength of the rise and weakens the chances of extending the recovery, besides the emergence of negative overlapping signals on the relative strength indicators, after reaching clear overbought levels, indicating the possibility for bullish momentum weakness in the near period.

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