Brent crude oil price declined due to resistance at $68.70
Negative signals on RSI and surpassing EMA50 support increased negative pressure
Recovery of Brent crude oil price is prevented by these factors
The Brent price settled low in its last intraday levels, due to the stability of the resistance level at $68.70, which put it under negative pressure, especially with the emergence of the negative signals on the (RSI), after reaching overbought levels, to surpass the support of its EMA50, increasing the negative pressure that prevents its recovery.
