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Forecast update for Brent -01-07-2026
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Forecast update for Brent -01-07-2026
Jul 1, 2026 5:30 AM

Brent crude oil declined at its last intraday trading on the intraday levels, affected by the continuation of the negative pressure due to its trading below EMA50, which represents a dynamic resistance that reinforces the strength and stability of the main bearish trend on the short-term basis, especially with the trading alongside main and minor supportive trend line for this path, noticing the emergence of the negative signals from the relative strength indicators, which suggest recording more losses in the upcoming near period.

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