The (Brent) price declined on its last intraday levels, amid the emergence of the negative signals on the (RSI), after reaching overbought levels, attempting to offload this overbought condition, gaining bullish momentum that might assist it to recover and rise again, amid the dominance of the bullish correctional trend on the short-term basis, with the continuation of the positive pressure that comes from its trading above EMA50, besides the price affection by positive technical formation on the short-term basis, which is represented by the double bottom pattern.

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