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Forecast update for Brent crude oil -01-08-2025
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Forecast update for Brent crude oil -01-08-2025
Aug 1, 2025 6:48 AM

The price of (Brent) declined in its last trading on the intraday levels, with the beginning of negative overlapping signals on the (RSI), after offloading its clear oversold levels, to indicate losing the positive momentum and suggest more of the bearish moves on the short-term, on the other hand, the critical support level remains stable at $70.75, which might provide more of the positive momentum that might help it to recover, especially with the continuation of the positive pressure that comes from its trading above EMA50.

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