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Forecast update for Brent crude oil -02-07-2025
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Forecast update for Brent crude oil -02-07-2025
Jul 2, 2025 7:25 AM

The price of (Brent) extended its gains in its last intraday trading, taking advantage of the positive signals emergence of the (RSI), affected by the stability of the critical support at $66.50, despite this intraday rise the price still under the negative pressure due to its trading below EMA50, noticing the reach of the (RSI) to overbought levels, under the dominance of the bearish correctional trend on the short-term basis.

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