Brent crude oil leans on a key support – Analysis 15-05-2025

neft-l1Brent crude oil declined sharply in its recent intraday trading, in attempt to look for a rising bottom to take it as a base that might assist it to gain the required positive momentum to recover, affected by the emergence of the negative signals on the (RSI), despite reaching oversold levels, leaning on the key support level now at $64.40, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside a bias line.

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