Crude oil prices attempt to offload its oversold conditions

The (crude oil) price settled on slight gains in its last intraday trading, in attempt to recover some of its previous losses, taking advantage of the stability of the critical support at $66.85, which provides some bullish momentum.

This recovery comes amid the attempt to offload the clear oversold condition on the (RSI), especially with the emergence of the positive signals, but the price remains under negative pressure by its trading below EMA50, besides its affection by a minor sharp bearish wave on the short-term basis.