Crude oil price shown choppy trading in its recent intraday levels, after being held above the key support level of $98.00, which successfully halted previous losses. This stability came alongside the price finding support at the EMA50, giving it a positive push that helped it rebound quickly to the upside.

With the dominance of the short-term bullish trend, the chances of continued recovery are increasing, especially with the emergence of a positive crossover in the relative strength indicators after reaching oversold levels. These technical signals strengthen the likelihood of a continued bullish rebound, as the market watches the prices ability to maintain its current support and capitalize on the gained positive momentum.