The (Brent) price declined in its last intraday trading, due to the stability of the resistance at $61.35, with the continuation of the negative pressure due to its trading below EMA50, and under the dominance of the main bearish trend on the short-term basis and its trading alongside trendline, increasing the chances of the price recovery on the near-term basis, with the emergence of negative crossover on the relative strength indicators, after reaching overbought levels, which suggest forming positive divergence.
Origin: Economies
