The price of (crude oil) rose in its last intraday trading, in attempt o recover some previous losses, at the same time it attempts to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from there, amid the dominance of minor bearish wave on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, which reduces the chances for the price recovery on the near term basis.

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