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Forecast update for Brent -13-03-2026
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Forecast update for Brent -13-03-2026
Mar 13, 2026 6:39 AM

Brent prices declined in their last intraday trading, after reaching the main resistance at $100.00, attempting to offload some of the clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there. This corrective movement aimed to gather the positive momentum that might help it to retest this resistance and attempt to breach it, amid the continuation of the main bullish trend dominance on short-term basis, with the trading alongside supportive trend line for this path, reinforcing the chances of the price recovery in the upcoming period.

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