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Brent crude oil is rising carefully- Analysis-17-07-2025
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Brent crude oil is rising carefully- Analysis-17-07-2025
Jul 16, 2025 9:48 PM

The (Brent) price rose in its last trading on the intraday levels, supported by the emergence of the positive signals on the (RSI), reaching exaggerated overbought levels compared to the price move, indicating the decline of the positive momentum around it, amid the continuation of the negative pressure due to its trading below EMA50, settling again alongside a main bullish trend line on the short-term basis.

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