Brent Crude Oil Price Falls to $105

Brent rose 5.09% in the last 24 hours to reach $105.82; however, the news headline implies the price fell back to $105, which could signal a short-term correction or profit-taking. The RSI is at 50.23, in neutral territory, and below the MACD signal line (1.25 < 1.66), indicating weakening bullish momentum. The price is below the SMA20 (106.85) but above the SMA50 (103.25), meaning the medium-term trend remains positive but there is short-term resistance. The news headline and technical indicators conflict; therefore, the direction is uncertain, and a sideways or slightly downward trend can be expected for 1-3 days. For a clear direction, it should be monitored whether the price rises above the SMA20 or the MACD crosses above its signal line.