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Forecast update for Brent -24-04-2026
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Forecast update for Brent -24-04-2026
Apr 24, 2026 6:18 AM

Brent crude oil declined in its recent intraday trading, with the emergence of negative signals from the relative strength indicators, after reaching overbought levels, attempting to gain bullish momentum that might help it to recover and rise again, amid the dominance of steep minor bullish wave that indicates the strength of this trend, with the continuation of the dynamic pressure that is represented by its trading above EMA50, reinforcing the chances of the price return to rise.

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