Brent Crude Approaches Key $101.20 Resistance as RSI Signals Overbought Conditions

Brent crude oil is mounting a strong bullish run, closing in on a pivotal resistance threshold at $101.20. However, market participants should exercise caution as momentum indicators flag potential exhaustion. Specifically, the Relative Strength Index (RSI) has climbed into overbought territory, suggesting the current upward trajectory may be overextended. Traders are closely monitoring these key technical levels to determine whether Brent can sustain a breakout above $101.20 or if a short-term consolidation is imminent.