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Forecast update for Brent crude oil -23-10-2025
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Forecast update for Brent crude oil -23-10-2025
Oct 23, 2025 5:36 AM

Brent crude oil prices declined in their last trading on the intraday levels, in a truce to catch breath and a quick profits-taking before resuming its strong gains, and attempts to offload some of its overbought conditions on the relative strength indicators, amid the dominance of steep bullish corrective wave that indicates the strength of this track, besides the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the chances of extending its gains on the near-term basis.

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