The price of (crude oil) declined in its last intraday trading, amid its continuous attempts to look for a rising low to take it as a base to help it to gain the required positive momentum to recover, breaking the support at $68.50, forming a negative technical formation on the intraday levels (head and shoulders pattern), which might push the price for more bearish correctional moves on the near-term basis, especially after offloading its clear oversold conditions on the (RSI), with the beginning of the negative overlapping signals, opening the way for recording more of the losses.

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