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Forecast update for Brent crude oil -16-06-2025
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Forecast update for Brent crude oil -16-06-2025
Jun 16, 2025 7:05 AM

The price of (Brent) declined in its intraday levels, amid the emergence of the negative signals on the (RSI), after reaching overbought levels, attempting to gain a positive momentum that might assist it to keep the main bullish trend on the short-term basis with its trading alongside a bias line, supported by its continuous support above its EMA50, which forms a support that keeps the positive scenario.

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