Brent crude oil price settles higher in its recent intraday trading, affected by its breakout above a short-term bearish corrective trend line, benefiting from positive signals emerging from the relative strength indicators, after easing its overbought conditions, which has contributed to improving positive momentum and supported continued recovery attempts.

On the other hand, the price attempts to overcome the negative pressure caused by EMA50, which acts as a key resistance level against further upside. A breakout above this resistance would remain a technically supportive factor for the continuation of the recovery and the extension of gains over the coming period.