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Forecast update for Brent -09-07-2026
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Forecast update for Brent -09-07-2026
Jul 9, 2026 6:33 AM

Brent crude oil rose in its last intraday trading, with the attempts of breaching main bearish trend line on the short-term basis, reinforcing the bullish corrective trend, especially with the continuation of the positive pressure that comes from its trading above EMA50, besides the relative strength indicators reaching severe oversold levels compared to the price move, to suggest forming positive divergence that intensifies the chances of resuming the gains in the near upcoming period.

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