Crude Oil Price Rises Amid Negative Pressure

The price of crude oil has been rising in its latest intraday trading sessions. However, despite this upward trend, analysts believe that the chances of a full recovery on the near-term basis are slim due to the negative pressure it is facing.

This negative pressure is attributed to the crude oil price's continued trading below EMA50. Additionally, the beginning of forming negative divergence on the relative strength indicators has further reduced the chances of a full recovery in the short term.