The (crude oil) price continued its decline in its last intraday trading, after reaching critical resistance level at $63.75, which reinforced the negative pressures on the price, this decline came amid the trading alongside a sharp minor bias line on the short-term basis, indicating the strength of the bearish trend and its dominance on the market’s trading.
The (RSI) supported the negative overview after the emergence of bearish signs, despite reaching exaggerated oversold levels, indicating the continuation of the pressure on the near- term basis unless the price managed to break this trend with strong gains that breaches its main resistance.
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