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Forecast update for Brent -08-07-2026
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Forecast update for Brent -08-07-2026
Jul 8, 2026 6:32 AM

Brent crude oil surged higher after breaching $75.00 resistance, under the dominance of bullish corrective wave, indicating the strength of this trend, with a positive support due to its trading above EMA50, which represents a base that reinforces the chances of extending the gains in the upcoming near period, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, which might reduce the upcoming gains.

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