Brent crude oil maintains corrective decline – Analysis | 16-01-2026

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Brent continued its decline in the latest intraday session, approaching support at the EMA50. This level strengthens the potential for the price to regain bullish momentum and rebound, supported by the ongoing short-term bullish trend. Positive divergence is beginning to form on relative strength indicators after they reached oversold levels, and overlapping bullish signals are emerging, further reinforcing the chances of a near-term recovery.

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