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Forecast update for Brent crude oil-26-05-2025
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Forecast update for Brent crude oil-26-05-2025
May 26, 2025 12:14 PM

The price of (Brent) settled on a slight decline, affected by the stability of the current resistance at $64.50, amid the continuation of the negative pressure that comes from its trading below its EMA50, with the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, exaggeratedly compared by the price move, which suggests the beginning of forming a negative divergence.

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