Crude oil price remains lower in its recent intraday trading, holding below the $88.00 support level to confirm the breakout beneath it, amid the dominance of a steep bearish corrective wave in the short term. Negative pressure also continues due to trading below its EMA50, which reduces the chances of a full recovery in the near term.

On the other hand, a positive crossover has started to appear on the relative strength indicators after reaching deeply oversold levels, which may help the price stabilize temporarily in the upcoming period.