The (crude oil) settled low in its last intraday trading, accompanied by the emergence of negative overlapping signals on the (RSI), the indicators didn’t reach strong overbought levels, but the contradiction between it and the price move suggests forming a negative divergence, which might form temporary pressure on the price on the near- term basis.
The main trend remains bullish on the short-term basis, supported by its trading alongside a trend line, besides the continuation of EMA50’s support, reinforcing the chances for regaining positive momentum and heading towards new bullish attempts.
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