Brent Crude Oil Price Tests $89.00 Resistance
Brent crude oil price has seen an uptrend in its recent intraday trading, pushing towards the pivotal resistance level of $89.00.
This rise is supported by positive signals from relative strength indicators and continued support from trading above EMA50, which represents a dynamic support base.
The dominance of the main short-term bullish trend also strengthens the chances of breaking through this resistance.