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Forecast update for Brent crude oil -04-08-2025
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Forecast update for Brent crude oil -04-08-2025
Aug 4, 2025 6:56 AM

The price of (Brent) continued its decline in its last trading on the intraday levels, to break the current support level $69.00, increasing the negative pressure especially with the continuation of its trading below EMA50, forming dynamic resistance that prevents the early recovery for today, this last decline came despite the beginning of the positive overlapping signals on the (RSI), after reaching oversold level in attempt to offload this condition, indicating the dominance of the selling powers on the trading.

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