Crude oil prices are witnessing volatile trading in the short-term timeframe, as the market attempts to gain positive momentum that could help prices recover and move higher again. This performance is supported by trading above the EMA50, while the main short-term trend remains bullish.

In the background, we can observe the formation of a positive divergence on the relative strength indicators after they reached heavily oversold levels in an exaggerated manner compared to the price movement, with positive signals beginning to emerge. This strengthens the chances of a price recovery in the near term.