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Forecast update for Brent crude oil -18-06-2025
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Forecast update for Brent crude oil -18-06-2025
Jun 18, 2025 7:07 AM

The price of (Brent) begins to recover in its last intraday trading, confirming breaching the critical resistance level at $74.70, where the price managed to settle above it with its attempts to gather the gains of its previous rise, and offloading some of its clear overbought conditions on the (RSI), with the emergence of the negative signals from them, this comes amid the continuation of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis.

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