The (Brent) price rose in its last trading on the intraday basis, amid the stability of its trading above the critical support of $64.95, attempting to correct the main bearish trend on the short-term basis, amid the continuation of the negative pressure due to its trading below EMA50, reducing the chances for a sustainable recovery in the upcoming period, especially with the beginning of the negative signs appearance on the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price movement, forming negative divergence that intensifies the negative pressure around the price.
Origin: Economies
