Crude oil prices rose in their last intraday trading, in attempt to recover some of its previous losses, taking advantage of its attempt to offload the clear oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals that support the price move on the near-term basis, this intraday improvement shows that the price is taking a breather after the last bearish wave.

Despite these attempts, the price remains under continuous negative pressure due to its stability below EMA50, which limits its ability to achieve real recovery , this pressure continues with the effect of a negative technical pattern on the short-term basis (the rising wedge pattern), which reinforces the possibilities of facing more negative pressure.