Crude oil price kept moving in tight sideways range in the last intraday trading, under the dominance of bearish corrective wave on the short-term basis, where the price moves alongside steep bearish trend line that supports the continuation of the negative pressure, besides its trading below EMA50 that forms a main obstacle against any sustained recovery attempt on the near-term basis.

On the other hand, the relative strength indicators begin showing bullish overlapping signals that provide positive momentum, which might help the price to settle against the selling pressures, but it doesnt support a strong rebound unless there is a change in the current momentum.