Crude oil prices declined slightly in their last intraday trading in what seems to be a profit-taking move after the previous rises, after reaching the key resistance at $60,25, which represents the top of sideways trading range on the short-term basis.

The price is moving within bullish corrective wave now, taking advantage of the dynamic support due to its stability above EMA50, accompanied by the continuation of the positive signals on the relative strength indicators, which reinforces the chances of regaining the bullish momentum after the end of the current corrective pressure.