The (Brent) price witnessed sharp gains during its last intraday trading, affected by breaching main bearish trend line on the short-term basis, supported by its continuous trading above EMA50, reinforcing the stability of this positive scenario, to attack the current resistance at $63.95, on the other hand, we notice the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, which might obstructs the rise temporarily in the upcoming period.
Origin: Economies
