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Forecast update for Brent crude oil -05-09-2025
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Forecast update for Brent crude oil -05-09-2025
Sep 5, 2025 6:19 AM

The price of (Brent) declined in its last intraday trading, amid its affection by exiting bullish correctional channels range that limits its trading on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, breaking the current support level at $66.40, with the beginning of negative overlapping signals on the (RSI), after offloading its oversold conditions, which intensifies the negative pressure on its upcoming trading.

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