Crude oil prices test key resistance amid mixed technical pressure

The (crude oil) price settled with cautious gains in its last intraday trading, supported by the emergence of positive signals on the (RSI), to retest the critical resistance at $63.75, accompanied by hitting minor bearish trend line on the short-term basis, monitoring the price movement.

Despite the intraday technical support, the negative pressure remains valid with the continuation of the trading below EMA50, besides the reach of (RSI) to overbought levels, which may confine the prices’ ability to resume the rise unless they breached critical resistance levels.