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Forecast update for Brent -12-08-2026
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Forecast update for Brent -12-08-2026
Aug 12, 2026 6:47 AM

(Brent) settled lower during its recent intraday trading affected by the stability of the key resistance level at $89.00, attempting to gain bullish momentum that may help it to breach this resistance, amid the continuation of the positive support due to its trading above EMA50, providing dynamic support base that reinforces the dominance of the main bullish trend on the short-term basis, noticing the emergence of the positive signals from the relative strength indicators.

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