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Brent crude oil rises affected by critical support- Analysis-06-08-2025
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Brent crude oil rises affected by critical support- Analysis-06-08-2025
Aug 5, 2025 10:58 PM

The (Brent) price rose in its last intraday trading, due to the stability of the critical support level at $67.50, providing positive momentum that assisted it to achieve these gains, with the emergence of the positive signals on the (RSI), after reaching oversold levels.

This performance comes amid the prices affection by breaking bullish trend line on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, forming dynamic resistance that prevents any recovery attempt on the near-term basis.

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