Brent crude oil is facing negative pressure due to trading below EMA50 and negative signals on relative strength indicators
The (Brent) price declined in its last intraday trading, amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, which caused the failure if the previous recovery attempts, noticing the emergence of negative overlapping signals on the relative strength indicators, after offloading its oversold conditions, opening the way for recording more of the losses on the near-term basis.
Origin: Economies
