Brent crude oil price experienced losses after breaking support levels, indicating a continuation of decline
The (Brent) price deepened its losses in its last intraday trading, after surpassing the support of its EMA50, putting it under negative pressure that led it to break bullish correctional channel’s support that limited its previous trading on the short-term basis, confirming the continuation of the decline, especially with the emergence of the negative signals on the (RSI), despite reaching oversold levels, which might limit the losses temporarily.
