The price of (crude oil) declined in its last intraday trading, amid its attempts to look for higher low to take it as a base that might help it to gain the required bullish momentum to recover, amid the dominance of bullish correctional wave on the short-term basis, with the continuation of the positive pressure due to its trading above EMA50, besides the relative strength indicators reaching oversold levels, exaggeratedly compared to the price movement, to suggest forming positive divergence, reinforcing the chances for the price recovery on the near-term basis.

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