Crude oil prices fluctuated clearly in their recent intraday trading, amid the dominance of bullish corrective wave to recover some of its previous losses, taking advantage of the limited recovery attempts on the short-term basis.
However, the negative pressure remains dominant due to its trading below EMA50, besides the emergence of the negative signals on the relative strength indicators after forming negative divergence, after reaching severe overbought levels compared to the price move, which increases the possibilities for more downside moves in the upcoming sessions.
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