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Brent crude oil is rising by critical support effect- Analysis-12-08-2025
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Brent crude oil is rising by critical support effect- Analysis-12-08-2025
Aug 11, 2025 11:06 PM

The (Brent) price rose in its last intraday trading, due to the stability of the critical support at $66.00, gaining positive momentum that helped it to achieve these cautious gains, attempting to recover some of its previous losses, amid the dominance of the main bearish trend and its trading below EMA50, besides the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, exaggeratedly compared to the price movement.

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