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Forecast update for Brent -07-08-2026
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Forecast update for Brent -07-08-2026
Aug 7, 2026 6:42 AM

Brent crude oil declined in its latest intraday trading, reaching EMA50s resistance, forming negative divergence on the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price movement, with the emergence of the negative signals from them, intensifying the negative pressure on the price, suggesting more downside moves in the near upcoming period.

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