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HomeLatestBrent Crude Faces Negative Pressure - Analysis - 07-05-2025

Brent Crude Faces Negative Pressure – Analysis – 07-05-2025

Brent crude oil prices showed gains in recent intraday trading, testing the key bearish trend line on the short-term chart and reaching resistance at the EMA50. The price halted near a critical resistance level of $62.60 following a strong bullish correction.

However, the emergence of negative signals on the Relative Strength Index (RSI) suggests increasing downward pressure, potentially impacting Brent crude’s price in the upcoming trading sessions.

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