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Forecast update for Brent -13-08-2026
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Forecast update for Brent -13-08-2026
Aug 13, 2026 6:55 AM

(Brent) declined 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, with the beginning of forming bullish divergence on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, with the emergence of positive signals from them.

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