Crude Oil price declined during its recent intraday trading, affected by the resilience of the stubborn resistance level at $104.00, alongside emerging negative signals from relative strength indicators. The price appears to be searching for a new higher low that could serve as a base to provide the positive momentum needed to recover and challenge that resistance level once again.

Despite the recent decline, the main short-term trend remains bullish, while positive pressure continues due to trading above the EMA50, which strengthens the chances of a near-term recovery.