The (crude oil) declined sharply in its last intraday trading, as it surpassed the support of its EMA50, causing an extra negative pressure that pushed it to resume the decline, to break a minor bullish trend line that limited its trading on the short-term basis, reinforcing the continuation of the technical decline in the upcoming moves.

The (RSI) indicators began showing positive signals, where it recorded a bullish overlapping signal after entering exaggerated oversold levels, which gave the price a chance to catch its breath and settle temporarily, and assisted it to reduce its early losses, but this recovery remain fragile and needs a stronger technical confirm to see a real bullish wave.