The (crude oil) price declines slightly in the last intraday trading, after facing strong resistance at the critical resistance at $63.75, this decline represents a natural move to gather gains, while the price attempts to offload its clear overbought conditions on the (RSI), especially with the emergence of the negative signals that might obstacle its recovery on an intraday basis.

Technically, the positive pressure remains the dominant, supported by its stability above the EMA50, affected by positive technical formation on the short-term basis that is represented by the double bottom pattern, reinforcing the possibilities for the bullish momentum return and breaching $63.75 in the upcoming period, unless it kept the current support levels.

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