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Brent crude oil surges high- Analysis-23-10-2025
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Brent crude oil surges high- Analysis-23-10-2025
Oct 22, 2025 11:34 PM

The (Brent) price witnessed sharp gains during its last intraday trading, affected by breaching main bearish trend line on the short-term basis, supported by its continuous trading above EMA50, reinforcing the stability of this positive scenario, to attack the current resistance at $63.95, on the other hand, we notice the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, which might obstructs the rise temporarily in the upcoming period.

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