Brent crude oil prices witnessed strong decline in its last intraday trading, supported by the emergence of the negative signals on the relative strength indicators, affected by the stability of the critical resistance level at $69.35, attempting to gain bullish momentum that might help it to recover and rise again, especially with the relative strength indicators reaching oversold level, exaggeratedly compared to the price movement, representing a sign for the negative pressure fading in the upcoming period, amid the dominance of the bullish correction trend on the short-term basis, with the continuation of the positive pressure due to its trading above EMA50, which reinforces the chances for the price recovery.

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