The (Brent) price settled in its last trading on the intraday levels, amid the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the stability of the main bearish trend on the short-term basis, to confirm breaking the key support level at $63.75, on the other hand, we notice the emergence of positive crossover on the relative strength indicators, after reaching oversold levels, which helped it settle temporarily due to its neediness to offload some of its oversold conditions.
Origin: Economies
