Brent crude oil prices showed gains in recent intraday trading, testing the key bearish trend line on the short-term chart and reaching resistance at the EMA50. The price halted near a critical resistance level of $62.60 following a strong bullish correction.
However, the emergence of negative signals on the Relative Strength Index (RSI) suggests increasing downward pressure, potentially impacting Brent crude’s price in the upcoming trading sessions.
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