The crude oil price declined in its recent intraday trading, following the resilience of the $91.00 resistance level, which exposed the price to negative pressure and pushed it lower. This comes amid the dominance of a steep short-term bearish sub-wave, with continued downside pressure resulting from trading below EMA50. Meanwhile, a negative divergence has begun to form on the relative strength indicators, after the indicators reached extremely overbought territory. Negative signals have also started to emerge, increasing the likelihood of deeper losses in the near term.