The (crude oil) deepened its losses in its last intraday trading, amid the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels, attempting to look for a rising low to take it as a base to help it gain the required bullish momentum for its recovery, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of the price recovery on the near-term basis, especially with the dominance of the bullish corrective trend on the short-term basis.

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