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Forecast update for Brent crude oil -07-08-2025
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Forecast update for Brent crude oil -07-08-2025
Aug 7, 2025 7:00 AM

The price of (Brent) declined in its last intraday trading, due to the stability of the significant resistance levels at $67.50, where this level protect the price on the intraday levels, attempting to offload its clear oversold conditions on the (RSI), especially with the emergence of the positive signals, on the other hand, it remains affected by breaking a bullish trend line on the short-term basis, with the continuation of the negative pressure that comes from its trading below its EMA50, which makes us rule out any attempt to recover on the near-term basis.

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