“Brent Crude Weakens Amid Negative Momentum | Analysis Update | 05-01-2026”

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“Brent declined in its latest intraday session, encountering resistance at the 50-period EMA, which intensified downside pressure. This was further reinforced by a retest of the previously broken short-term bullish corrective trend line. Additionally, the Relative Strength Index eased its oversold conditions, opening the way for potential further losses in the near term.”

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