The price of crude oil declined during its recent intraday trading, attempting to look for a higher low to use it as a base that help it to gain the required bullish momentum for its recovery, leaning on the key support level of $80.65, amid the dominance of the bullish trend on the short-term basis, with the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the chances of a near term recovery, especially with the emergence of positive signals from the relative strength indicators, after reaching oversold levels.