The (crude oil) witnessed fluctuated moves in its last intraday trading, affected by the escalation of geopolitical tensions in the middle east, where it opened this week trading with strong rise that pushed the price to breach the critical resistance level on $75.00, but this decline didnt remain for long time, as it rebounded and surrendered big amount of its gains, due to quick gathering gains process or the cautious of the traders after the initial jump.

Despite this decline, the price remains stable above $75.00 level, while closing above this level will keep the possibility of confirming this breach, with the continuation of the bullish trend on the short-term basis, besides the emergence of the positive signals on the (RSI), after its previous reach to oversold levels.