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Forecast update for Brent -10-07-2026
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Forecast update for Brent -10-07-2026
Jul 10, 2026 6:35 AM

Brent crude oil rose in its last intraday trading, affected by its stability on a bullish corrective trend line on the short-term basis, gaining bullish momentum that reinforces forming positive divergence on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, with the emergence of the positive signals from them, besides the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of a recovery in the near upcoming period.

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