The (Brent) price fluctuated in its last intraday levels, attempting to recover some of its previous losses, amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the dominance of the main bearish track on the short-term basis and its trading alongside trendline that represents dynamic resistance that prevent the recovery on a near-term basis, on the other hand, we notice the emergence of positive crossover on the relative strength indicators, which makes us witness some temporary corrective rebounds.
Origin: Economies
