Crude oil prices soared high in their last intraday trading, achieving strong gains in attempt to recover some of its previous losses, as it attempts to offload its clear oversold levels on the relative strength indicators, especially with the emergence of positive crossover that supports a potential temporary rebound.

The negative pressure remains valid on the trading due to the continuation of the trading below EMA50, besides the dominance of the short-term bearish trend, and its trading alongside steep bearish trend line, which reduces the chances of its full recovery on a near-term basis.

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