The (crude oil) price settled high in its last intraday trading, taking advantage of the emergence of the positive signals on the (RSI), after reaching oversold levels that helped it to offload this condition and achieve some temporary technical gains.
The price remains facing clear negative pressure, due to its stability below its EMA50, which forms a dynamic resistance that obstacles the continuation of the recovery, especially with retesting the current resistance at $65.60, keeping the bearish overview valid unless breaching this barrier clearly.
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