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Forecast update for Brent crude oil -29-08-2025
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Forecast update for Brent crude oil -29-08-2025
Aug 29, 2025 6:10 AM

The price of (Brent) rose in its last intraday trading, amid its attempts to breach the current resistance at $67.60, amid the dominance of the bullish correctional trend on the short-term basis, and its trading alongside a bias line, with the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the stability of this positive scenario, despite the emergence of the negative signals on the (RSI), after entering overbought levels, in an attempt to offload some of this overbought condition.

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