Brent crude oil surged sharply in recent intraday trading after breaching the key resistance level at $109.00, which previously acted as our price target. This move reflects a strong short-term bullish wave, with the price continuing to move along an upward trendline that supports the current momentum.

The bullish bias is further reinforced as the price remains above EMA50, indicating sustained dynamic support. However, early signs of a bearish crossover on the relative strength indicators are emerging after reaching overbought territory, which reduces the upcoming gains.