Crude Oil Struggles at $85.00 Resistance Level Amid Volatility

Crude oil has been experiencing volatility in its intraday movements as it attempts to break through the strong resistance level of $85.00.

This is supported by its continued trading above EMA50, which reinforces the chances of a breakout.

The short-term bullish trend remains dominant and the price continues to move along main and minor trend lines supporting this path.

However, negative signals continue to emerge from the relative strength indicators after forming a bearish divergence that has weighed on the price's ability to rise in the previous period.