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Forecast update for Brent crude oil -28-08-2025
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Forecast update for Brent crude oil -28-08-2025
Aug 28, 2025 6:09 AM

The price of (Brent) reinforced its gain in its last intraday trading, supported by its continuous trading above EMA50, and under the dominance of bullish correctional wave on the short-term basis and its trading alongside a bias line that reinforce the stability of this rise, preparing to reach the current resistance at $67.60, on the other hand, we notice the emergence of the negative signals on the (RSI), after reaching overbought levels, attempting to offload this overbought condition, but the price kept its positive stability, reinforcing the chances for extending its gains on the near-term basis.

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