Brent Crude Prices Stabilize Above Key MAs Amid Profit-Taking
Brent crude prices have been experiencing a modest decline in recent sessions, but remain above key moving averages. The price currently sits at $91.38, with traders taking profit and contributing to short-term selling interest.
The potential for new US sanctions on Iran is also in focus, as market participants weigh possible future shifts in Middle Eastern supplies.
Technically, Brent crude maintains a bullish structure, but intraday seller strength signals a sideways range of $89.62 to $93.14.