Crude oil rose during recent intraday trading, supported by its stability above the key support level at $100.00. The price continues to trade above its EMA50, reinforcing the stability and dominance of the main short-term uptrend.
In the background, a positive crossover is beginning to appear on the relative strength indicators after reaching deeply oversold levels, suggesting the formation of a potential bullish divergence that could support further gains in the near term.