The (crude oil) witnessed fluctuated trading in its last intraday trading, amid the continuation of the main bullish trend on the short-term basis, which appears by the price move within main and minor bias lines, besides the continuation to trade above its EMA50, providing continued technical support.
On the other hand, there is weakness in the bullish momentum, due to the emergence of the negative signals on the (RSI), after reaching clear overbought levels, which led to fluctuated trading, where the price attempts to offload this overbought condition and gather its strength again to return to its bullish wave, getting stability and support from the technical momentum.