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Forecast update for Brent crude oil -06-08-2025
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Forecast update for Brent crude oil -06-08-2025
Aug 6, 2025 6:59 AM

The price of (Brent) reinforced its gains in its last intraday trading, supported by the emergence of the positive signals on the (RSI), affected by the stability of the critical support at $67.50, forming a positive momentum that assisted it to achieve these gains, amid the dominance of bearish minor wave with the continuation of the negative pressure that comes from its trading below EMA50, representing a dynamic resistance that prevents the price recovery on the near-term basis.

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