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Forecast update for Brent -19-05-2026
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Forecast update for Brent -19-05-2026
May 19, 2026 5:55 AM

Brent crude oil prices rose slightly during the latest intraday trading sessions, preparing to reach the key resistance at $109.00, supported by the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the positive and dynamic pressure that is represented by its trading above EMA50, to notice the emergence of positive overlapping signals from the relative strength indicators, after offloading its overbought conditions, opening the way for extending its gains on the near-term basis.

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