Crude oil prices are between hummer and anvil

The (crude oil) settled low in its last intraday trading, affected by the negative pressure that comes from its trading below EMA50, besides the emergence of the negative signals on the (RSI), which indicates the weakness of the current momentum.

The (RSI) indicators entering to the oversold levels might indicate the possibility of forming positive divergence, which might provide temporary positive momentum that supports the recovery attempts, especially with the continuation of the main bullish trend dominance of the medium-term basis and its move alongside a supportive bias line.