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Brent crude oil experienced a slight decline in recent intraday trading as it seeks to regain positive momentum for a potential rebound.
The commodity is working to alleviate some of its overbought conditions, as indicated by the Relative Strength Index (RSI), which is showing emerging negative divergence signals.
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Despite this, a bullish corrective trend remains dominant in the short term, with Brent trading around its bias line. The continuation of upward pressure is supported by the price maintaining levels above its 50-day Exponential Moving Average (EMA50), which acts as a dynamic support.
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