Brent crude oil remains under pressure, extending its recent consecutive series of losses in intraday trading, as the main short-term bearish trend continues to dominate. Selling pressure remains dominant despite limited attempts by the price to stabilize.

The price continues to trade below EMA50, which represents a dynamic resistance, reinforcing the bearish trend and limiting the chances of a recovery. Meanwhile, relative strength indicators began to show a positive crossover after reaching deeply oversold levels. This could help slow down the pace of losses or trigger a limited corrective rebound. However, the overall technical outlook remains bearish unless Brent breaches key technical resistance levels.