The (Brent) price settled high during its last intraday trading, attempting to breach the current resistance level at $65.55, this resistance represents our expected target in our previous analysis, taking advantage of the dynamic support that is represented by its trading above EMA50, and under the dominance of strong bullish corrective wave on the short-term basis, noticing that the relative strength indicators have reached exaggerated oversold levels compared to the price move, providing big chance for forming positive divergence, intensifying the positive momentum in its upcoming trading.
Origin: Economies
