Brent crude oil settles with consecutive gains in its last intraday trading, taking advantage of the continued positive support due to its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis, especially with its trading alongside supportive trend line for this path.
On the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, which reduced the last gains, and we might witness some fluctuating moves due to its neediness to offload some of these overbought conditions.