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Forecast update for Brent crude oil -16-07-2025
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Forecast update for Brent crude oil -16-07-2025
Jul 16, 2025 5:47 AM

The price of (Brent) declined in its last intraday levels, amid the continuation of the negative pressure due to its trading below its EMA50, breaking a main bullish trend line on the short-term basis, intensifying the negative pressure on its upcoming moves, especially with the emergence of the negative signals on the (RSI), after the price success in offloading its oversold conditions.

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