Brent crude oil rises, affected by its current support – Analysis 05-09-2025 – ForexNews.PRO
Brent crude oil price rose in intraday trading due to stability of support level at $66.35, gaining bullish momentum and offloading oversold conditions on RSI
The (Brent) price rose in its last intraday trading, due to the stability of the support level at $66.35, gaining bullish momentum that assisted it to recover some of its previous losses, and it succeeded in offloading its clear oversold conditions on the (RSI), opening the way for recording more of the losses on the near-term basis, amid its affection by exiting bullish correctional channel’s range that limited its previous trading on the short-term basis.
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