Brent crude oil settles with sharp losses – Analysis 04-08-2025 – ForexNews.PRO
Brent crude oil settled with sharp losses in its last intraday trading, leaning on support at $69.00
Positive overlapping signals may push the price towards cautious bullish rebounds to offload oversold condition
The (Brent) price settled with strong losses in its last intraday trading, to lean on the current support at $69.00, which reduced the losses especially with the (RSI) reach to the oversold levels, besides the emergence of positive overlapping signals from there, which might push the price towards cautious bullish rebounds to attempt to offload this oversold condition, at the same time it attempts to recover its previous losses.
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