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Forecast update for Brent crude oil -04-06-2025
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Forecast update for Brent crude oil -04-06-2025
Jun 4, 2025 4:51 AM

The price of (Brent) rose slightly in its recent intraday trading, to settle above the current resistance level at $65.45, supported by its continues trading above its EMA50, forming a fluctuated support that provides more positive momentum for its bullish movement, especially with the emergence of the positive signals on the (RSI), and the dominance of a strong bullish wave on the short-term basis.

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