Crude oil prices extended their sharp losses during the latest intraday trading, reaching the key support level at $81.00, which was a target in our previous analysis. This comes amid the dominance of a short-term bearish corrective trend, with price moving alongside a descending trendline, besides the continued negative pressure is reinforced by trading below EMA50, which increases downside momentum. We also notice ongoing negative signals from relative strength indicators, despite reaching heavily oversold levels.