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Forecast update for Brent crude oil -20-06-2025
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Forecast update for Brent crude oil -20-06-2025
Jun 20, 2025 5:10 AM

The price of (Brent) rose in its last intraday trading, due to the stability of the critical support at $74.70, gaining more of the positive momentum with the continuation of the dynamic support that is represented by its trading alongside a minor bullish trend on the short-term basis, reinforcing its move above its EMA50, and the price succeeded in offloading its clear overbought conditions on the (RSI), providing bigger space for achieving more of the gains.

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