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Forecast update for Brent crude oil -05-11-2025
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Forecast update for Brent crude oil -05-11-2025
Nov 5, 2025 4:51 AM

The price of (Brent crude oil) rose in its last intraday trading, due to the stability of the key support at $63.75, gaining bullish momentum that helped it to surpass the negative pressure of the EMA50, supported by the emergence of the positive signals on the relative strength indicators, under the dominance of the bullish corrective trend on the short-term basis.

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