Brent crude oil declined slightly in its recent intraday trading, leaning on the support of its EMA50, and stable above $65.00, supported by the emergence of the positive signals on the (RSI).
Despite these positive pressures, but the price still moving within tight sideways range, after it previously failed to breach the key resistance at $67.50, affected by a negative technical formation that formed on the short-term basis, (the rising wedge pattern), which reinforces the bearish trend scenario.
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