Brent crude oil price is attempting to breach the resistance level at $67.60, supported by trading above EMA50 and a bullish correctional trend
Negative signals on the RSI after reaching overbought levels may slow down the rise in price
The (Brent) price witnessed fluctuated move on its last intraday levels, amid its attempts to breach the current resistance level at $67.60, this level was our yesterday’s suggested target, taking advantage of the dynamic support that is represented by its trading above EMA50, and under the dominance of the bullish correctional trend on the short-term basis and its trading alongside a supportive bias line for this track, on the other hand, we notice the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, which might decelerate the rise.
