The (crude oil) price continued its decline in the last intraday trading, affected by the negative signals on the (RSI), despite entering oversold levels, this pressure pushed the price to decline until it reached a key support area that is represented by EMA50, to form a critical leaning point that might detect the upcoming trend.

These level represent a last chance for the price to gain bullish momentum that might help it to recover and rise again, especially with its lean on bullish correctional trend line on the short-term basis, which might provide extra support, if the price manages to settle there.

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