(Brent) declined during its recent intraday trading after reaching the $89.00 resistance level, which was our price target in previous analysis. The price is now taking profits from its recent gains and attempting to ease some of its clearly overbought conditions on the relative strength indicators, particularly as negative signals begin to emerge. This may allow the price to regain its positive momentum and potentially breach that resistance, amid the dominance of the main short-term bullish trend.