The (crude oil) price declined in its last intraday trading, affected by negative technical formation on the intraday level which is the head and shoulders pattern, supported by the emergence of the negative signals on the (RSI), after the price success in offloading its oversold conditions previously, opening the way for recording more of the losses, to lean on the support of its EMA50, accompanied by testing the support level at $66.85, which represents our previous target, in attempt to gain some of the positive momentum that might help it to rise again.

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Weekly performance report available here: Signals Performance Week of July 2125, 2025