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Forecast update for Brent crude oil -14-07-2025
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Forecast update for Brent crude oil -14-07-2025
Jul 14, 2025 5:45 AM

The price of (Brent) rose in its last intraday levels, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the continuation of the positive pressure due to its trading above EMA50, to settle above the key resistance at $70.00, to confirm breaching it which reinforces the price momentum to continue the rise, with the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, which might decelerate its upcoming gains.

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