Crude oil is experiencing slightly bearish, volatile intraday trading, affected by the stability of the key psychological resistance level at $100.00. The price is undergoing profit-taking after previous gains and attempting to ease its overbought conditions on the relative strength indicators, especially with emerging negative signals.
Despite this, the main short-term uptrend remains dominant, with price movements alongside a trendline supporting this bullish path. suggesting renewed positive momentum that could help the price breach the resistance level.