The (Brent) price witnessed fluctuated trading on its last intraday trading, amid the dominance of the main bearish trend on the short-term basis and its trading alongside steep bearish trendline that supports this track, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of the price’s recover on the near-term basis, besides the emergence of the negative signals on the relative strength indicators, after offloading its oversold conditions, opening the way for recording more of the losses in the upcoming period.
Origin: Economies
