Brent crude oil prices declined during recent short-term trading sessions, affected by continued negative pressure from trading below the EMA50, which is limiting recovery attempts. This comes despite the dominance of the main bullish trend in the short term, with prices moving alongside a supportive upward trendline.

We also notice the beginning of a positive divergence forming on the relative strength indicators after they reached heavily oversold levels in an exaggerated manner compared to the actual price movement, while positive signals are starting to appear from those indicators.