The price of (crude oil) deepened its losses in its last intraday trading, to reach our target at $62.00 support, preparing to break it, amid its trading alongside a minor bearish trend line on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, on the other hand, we notice the emergence of the positive signals on the (RSI), after reaching oversold levels, which might help it to settle temporarily, due to its neediness to offload this oversold conditions, especially if the mentioned support remained intact.

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