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Forecast update for Brent crude oil -27-08-2025
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Forecast update for Brent crude oil -27-08-2025
Aug 27, 2025 6:08 AM

The price of (Brent) kept moving lower in its last intraday trading, despite the emergence of positive overlapping signals on the (RSI), after reaching oversold levels, indicating the dominance of the selling powers on the price on the short-term basis, especially after surpassing the support of EMA50, accompanied by breaking a bullish correctional bias line on the short-term basis, intensifying the negative pressures on the price.

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