The (crude oil) kept moving in limited sideways range trading in its last intraday trading, to suggest forming potential negative technical formation that complete the sharp bearish correctional trend (bearish flag pattern), which ease the way for resuming the decline after the previous fluctuation.

This comes amid the continuation of the negative pressure that comes from the trading below its EMA50, accompanied by the beginning of the negative signals on the (RSI), after the price previous success in offloading its oversold condition, opening the way for more downside movements unless it breaks the bottom of the current sideways range.