Forecast update for Brent crude oil -08-07-2025-January 2024-www.financetom.com

Forecast update for Brent crude oil -08-07-2025

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Forecast update for Brent crude oil -08-07-2025

Jul 8, 2025 7:37 AM

The price of (Brent) fluctuated in its last intraday trading, due to the emergence of the negative signals on the (RSI), after reaching overbought levels to attempt to offload this condition, besides the continuation of the positive support due to its trading above EMA50, despite the fluctuation the price confirms breaching the current resistance at $68.70 by holding above it, providing strong positive signal for the price momentum to rise.

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