Brent crude oil breaks below the bullish corrective trendline – Analysis – 07-01-2026.

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Brent declined in its latest intraday session, under negative pressure as it trades below the EMA50. This led to a break of the short-term bullish corrective trendline, intensifying bearish momentum around the price. However, positive overlapping signals from the relative strength indicators have emerged after reaching oversold levels, which may help limit losses in the near term.

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