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Forecast update for Brent crude oil -11-08-2025
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Forecast update for Brent crude oil -11-08-2025
Aug 11, 2025 5:05 AM

The price of (Brent) rose in its last intraday trading, due to the stability of the critical resistance levels at $66.00, gaining positive momentum to recover some of its previous losses, with the emergence of the positive signals on the (RSI), but the price remains under the negative pressure that comes from its trading below EMA50, and under the main bearish trend on the short-term basis and its trading alongside a supportive minor bias line for this trend.

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