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Forecast update for Brent crude oil -05-08-2025
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Forecast update for Brent crude oil -05-08-2025
Aug 5, 2025 6:57 AM

The price of (Brent) declined in its last trading on the intraday levels, with the continuation of the negative pressure that comes from its trading below EMA50, confirming breaking a main bullish trend line on the short-term basis, reinforcing the chances for recording more of the losses, especially with the emergence of the negative signals on the (RSI), after its success in offloading its oversold conditions.

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