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Commodities

Brent Crude Oil Price Tests $89.00 Resistance

Instruments
Oil
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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.

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