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Forecast update for Brent crude oil -18-08-2025
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Forecast update for Brent crude oil -18-08-2025
Aug 18, 2025 5:14 AM

The price of (Brent) declined in its last intraday trading, after it attempted in its early trading to offload its clear oversold condition on the (RSI), especially with the emergence of the negative signals, testing the resistance of minor bearish trend line on the short-term basis, besides reaching the resistance of its EMA50, intensifying the negative pressure on the price to bounce lower.

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