Brent Crude Oil Price Targets Key Resistance at $89.00

The price of Brent crude oil has been on an upward trajectory in recent intraday trading, with the price now poised to challenge the key resistance level at $89.00.

A positive crossover is emerging on the relative strength indicators, giving the price more room to extend its gains in the near term.

This comes as the price continues to trade above the EMA50, which reinforces the stability and dominance of the main short-term bullish trend.