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Forecast update for Brent crude oil -20-08-2025
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Forecast update for Brent crude oil -20-08-2025
Aug 20, 2025 5:59 AM

The price of (Brent) rose in its last intraday trading, supported by the emergence of the positive signals on the (RSI), retesting the key resistance at $66.00, accompanied by hitting the resistance of its EMA50, intensifying the negative pressure, which might push it to bounce lower again, especially with the dominance of the main bearish trend on the short-term basis.

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