The price of Brent crude oil has pulled back to $91.05 as Iran sanctions intensify, causing it to test its rising support level at $90.60-$91.00.
Brent is currently trading above both the 50 EMA at $90.73 and the 100 EMA at $88.92, indicating that the upward trend remains intact for now.
However, the Relative Strength Index (RSI) has dipped to 44, suggesting that bullish momentum has weakened considerably.
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