The (crude oil) moved higher slightly in its last intraday trading, after it began the weeks trading with clear gains, but it bounced lower to shrink a big part of its gains, affected by the emergence of the negative signals on the (RSI), after reaching exaggerated oversold levels.

The main bullish trend remains the dominance on the short-term basis, with the continuation of the trading alongside a bullish bias line, reinforcing the possibility for regaining the positive momentum, especially if it succeeds in offloading the current overbought conditions, which might ease the way for a new bullish wave.