Crude oil prices declined during the latest intraday trading sessions, pressured by the stability of the current resistance level at $104.00. The price is undergoing a profit-taking phase after previous gains while attempting to build positive momentum that could help it break above this resistance level.

At the same time, the market is trying to ease overbought conditions on the relative strength indicators, especially as negative signals continue to emerge from them. Despite this, positive and dynamic pressure remains in place as prices continue trading above the EMA50, while the main short-term trend stays bullish.