Crude oil prices are showing volatile intraday movements after facing resistance at EMA50, which has acted as a barrier to further gains. The price has since pulled back as it attempts to regain positive momentum that could help overcome this pressure, while also trying to ease overbought conditions on the relative strength indicators, where negative signals are starting to appear.

Despite these pressures, the main short-term trend remains bullish, besides moving along a supportive upward trendline, keeping the chances of a renewed rise intact in the coming period.