Brent crude oil gets ready to break a key support – Analysis 23-05-2025

neft-1The (Brent) price declined in its last intraday trading, after it succeeded in offloading its clear oversold conditions on the (RSI) in its previous trading, besides its affection by breaking a bullish correctional trend line on the short-term basis, to get ready to break the current support at $63.20, amid the continuation of the negative pressure that comes from its trading below its EMA50.

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