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Forecast update for Brent crude oil -07-07-2025
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Forecast update for Brent crude oil -07-07-2025
Jul 7, 2025 5:35 AM

The price of (Brent) rose in its last intraday trading, due to the effect of its lean on the support of its EMA50, providing positive momentum that assisted it to recover its early losses for today, getting ready to attack the key resistance level at $68.70, supported by the emergence of the positive signals of the (RSI), after reaching oversold levels, to form a positive divergence that intensify the stability of the bullish track.

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