The crude oil price declines in the last intraday trading, affected by the stability of the critical resistance at $64.00, which represents our target and that formed an obstacle against extending the last gains, this decline comes within natural move to gather the gains, while the bullish momentum remains valid with the price stability above EMA50.
Despite the (RSI) entering to the overbought levels, the bullish correctional trend remains the dominant on the short-term basis, besides its stability on a supportive bias line, which might provide a new chance for attempting to breach the mentioned resistance, and open the way for higher levels.
