“Brent crude nears projected levels – Market Analysis – 13/01/2026”

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“Brent declined in its latest intraday session after encountering resistance at $63.80, which corresponded with the target outlined in our previous analysis. The pullback was accompanied by positive signals from the relative strength indicators following a release of overbought conditions. Despite this minor retracement, the strong short-term bullish corrective wave remains dominant, supported by continued trading above the EMA50, reinforcing the likelihood of further gains in the near term.”

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