Brent Crude Oil Price Extends Gains Amid Short-Term Bullish Trend
Brent crude oil price rose in its latest intraday trading, amid the dominance of the short-term bullish trend. The price continues to trade above EMA50, a dynamic support base that reinforces the chances of extending gains.
The emergence of positive signals from relative strength indicators has also contributed to the upward momentum. After offloading overbought conditions, the price is now poised for further growth.