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Forecast update for Brent crude oil -21-07-2025
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Forecast update for Brent crude oil -21-07-2025
Jul 21, 2025 5:54 AM

The price of (Brent) declined in its last intraday levels, amid its attempts to look for a rising low to take it as a base to gain the required positive momentum to recover, affected by the negative pressure due to its trading below EMA50, with the beginning of forming positive divergence on the (RSI), after reaching exaggerated oversold levels compared to the price move, with the beginning of the positive signals, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.

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