Brent crude oil is trading near $65.59 after easing slightly from its recent peak at $66.42. The price remains above both the 50-EMA ($63.27) and 200-EMA ($64.90), suggesting buyers still have control.
The RSI around 74 indicates overbought conditions, hinting at a short-term pause or correction. If prices retrace, support levels are seen near $63.99 and $62.50, aligned with key Fibonacci zones.
A decisive move above $66.50 could open the way toward $67.70, while a drop below $64.00 might trigger deeper consolidation. Overall, Brent’s uptrend remains intact, but traders may look for a mild pullback before fresh bullish momentum builds.
