Brent crude oil settled low in its last intraday trading, after breaking the key support level at $65.00, this level represents a neckline for a formed negative technical formation in the end of the bullish correctional wave on the short-term basis (double top pattern).
On the other hand, we notice the beginning of positive overlapping signal appearance on the (RSI), after reaching oversold levels, which helped it to settle on the intraday basis, attempting to offload some of the oversold conditions.
