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Brent crude oil looks for a higher low -Analysis-05-06-2025
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Brent crude oil looks for a higher low -Analysis-05-06-2025
Jun 4, 2025 8:51 PM

The (Brent) price declined slightly in its last intraday trading, attempting to look for a higher low to take it as a base that might assist it to gain the required positive momentum to recover and rise again, leaning on the support of its EMA50, which prevents ant extra losses, especially that the (RSI) indicators have reached exaggerated oversold levels compared by the price move, noticing the emergence of positive overlapping signals, which increases the surrounded positive momentum.

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