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Forecast update for Brent crude oil -18-07-2025
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Forecast update for Brent crude oil -18-07-2025
Jul 18, 2025 5:50 AM

The price of (Brent) settled high in its last intraday levels, where it declined in an attempt to offload some of its clear overbought conditions on the (RSI), especially with the beginning of negative overlapping signals, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, taking advantage of the dynamic support that is represented by its trading above EMA50, providing positive momentum.

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