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Forecast update for Brent crude oil -17-06-2025
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Forecast update for Brent crude oil -17-06-2025
Jun 17, 2025 5:07 AM

The price of (Brent) rose to its intraday levels, supported by the dominance of the main bullish trend on the short-term basis, and its trading above a bullish bias indicates positive momentum.

This rise reinforces the positive pressure that comes from the price moving above its EMA50, besides the emergence of the positive signals on the (RSI), suggesting the possibility for the continuation of the rise in the upcoming moves.

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