The crude oil price continued its decline in the last intraday trading, attempting to look for a rising low that might form a new base for a rise that reinforces the recovery chances, leaning on the support of EMA50, and the bullish correctional wave remains the dominant on the short-term basis.
At the same time, the (RSI) reached sharp oversold levels, reinforcing the possibilities to begin forming positive divergence, with the emergence of bullish overlapping signals, which eases the way for the return to the positive track soon.
