The (crude oil) price rose slightly in its last intraday trading, taking advantage of the current support’s stability at $62.00, providing it bullish momentum, this improvement was accompanied by the appearance of positive signals on the (RSI), after reaching sharp oversold levels, in order to recover some of the previous losses.
Despite this rise, the price remains moving within sharp minor bearish wave on the short-term basis, with its trading alongside a supportive line for this track, which puts any recovery attempt under the pressure of the dominant bearish trend.
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