Crude Oil Seeks Breakthrough at $85.00 Amid Volatile Trading

The price of crude oil has been experiencing volatile trading during its latest intraday sessions. It is attempting to gain positive momentum that could enable it to break through the pivotal resistance level of $85.00. This comes amid continued positive support from trading above EMA50, which reinforces the stability and dominance of the short-term bullish trend.

Meanwhile, positive signals are emerging from the relative strength indicators, after offloading its overbought conditions, giving it greater capacity to target new resistance levels in the near term. The price is also moving along a minor trend line supporting this trajectory.