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Brent crude oil prices advanced in recent intraday trading, building on momentum gained after breaking above a key short-term bearish trendline. This breakout indicates the start of a bullish correction phase, now reinforced by sustained trading above the 50-day Exponential Moving Average (EMA50).
The move also follows a successful easing of previous overbought conditions, as reflected by the Relative Strength Index (RSI), which now shows early signs of positive crossover signals. These developments collectively strengthen the outlook for further upside in Brent crude, supporting a continuation of the current bullish scenario.
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