Created
: 2025.04.25
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
Brent rebounds off $58.40 channel base - Société Générale
World FX news
Breaking news
Brent rebounds off $58.40 channel base - Société Générale
New
2025.04.25 19:12
2025.04.25 19:12
2025.04.25 19:12
Brent crude has bounced from the lower limit of its downtrend but faces key resistance at $68.70-$70.50. A failure to break higher could trigger a pullback, with $65.30 and $62.30 as key support levels, Société Générale's FX analysts note.
Support at $65.30 is key for short-term outlook
"Brent has staged a rebound after probing the lower limit of a descending channel drawn since 2023 at $58.40. The upside has so far remained contained at graphical levels of $68.70/70.50 representing lows of last year and the 50-DMA."
"This is an interim resistance zone. If the bounce peters out near this hurdle, a short-term pullback can't be ruled out. Recent pivot low of $65.30 is first support. Break below this can result in a deeper pullback towards $62.30 and recent trough at $58.40."
Last updated
: 2025.04.25
Related articles
Kazakhstan puts OPEC+ cohesion to the test - Commerzbank
2025.04.25 21:32OPEC+ countries consider significant increase in production for June as well - Commerzbank
2025.04.25 21:26Brent rises above $68 on trade hopes, sanctions - Commerzbank
2025.04.25 20:50WTI tumbles to near $62.00 on OPEC's supply increase, potential demand concerns
2025.04.25 20:40Brent rebounds off $58.40 channel base - Société Générale
2025.04.25 19:11Crude oil price today: WTI price bullish at European opening
2025.04.25 15:04
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
EUR/GBP Price Analysis: Euro steadies near 0.8500 amid mixed signals
The EUR/GBP pair was seen trading near the 0.8500 mark during Friday's session, edging lower intraday yet holding within the mid-range of 0.8511 to 0.8548. Investors appear cautious amid a light macroeconomic backdrop, with the pair moving in sync with subtle shifts in broader market sentiment.
New
2025.04.26 01:34EUR/USD Price Analysis: Euro steadies near 1.1400 after soft pullback
The EURUSD pair was seen hovering near the 1.1400 region on Friday after easing slightly in the aftermath of the European session. The pair is consolidating within a narrow range between 1.1315 and 1.1391, reflecting a pause in bullish momentum while still holding ground near recent highs.
New
2025.04.26 00:48GBP/USD slips despite strong UK Retail Sales as USD dominance prevails
The Pound Sterling registers losses against the strong US Dollar, yet it remains above 1.3300. A strong UK Retail Sales report failed to underpin Cable, which registers losses of 0.20% as the GBP/USD trades at 1.3311.
New
2025.04.26 00:16Silver Price Forecast: XAG/USD plummets to near $33.00 on US-China trade talks
Silver price (XAG/USD) plunges more than 1.5% to near $33.00 during North American trading hours on Friday. The white metal falls sharply from its three-week high of $33.70 posted earlier in the day.
New
2025.04.25 23:53BoE's Greene: We should see some trade diversion coming from China
Bank of England (BoE) policymaker Megan Greene said on Friday that they are not sure if the weakness in the UK economy is caused by demand or supply, per Reuters.
New
2025.04.25 23:46USD/JPY sets for positive weekly close above 143.00 as US Dollar rebounds
The USD/JPY pair is expected to conclude the week on a positive note above 143.00. The pair surges to near 143.50 on Friday as the US Dollar (USD) has resumed its recovery move on hopes that United States (US) President Donald Trump is close to make deals with number of his trading partners.
New
2025.04.25 23:00Lagarde speech: Not pre-committing to a particular rate path
European Central Bank (ECB) President Christine Lagarde said on Friday that the disinflation process in the Eurozone is well on track, per Reuters.
New
2025.04.25 22:16Chinese Embassy: US and China are not having any negotiations on tariffs
The United States and China are not engaged in any talks on tariffs, the Chinese embassy said on Friday, according to Reuters.
New
2025.04.25 21:39Temporary setback for Gold? - Commerzbank
After US President Trump backtracked significantly on both tariffs against China and the dismissal of Fed Chair Powell, the price of Gold temporarily fell back below $3,300 per troy ounce, Commerzbank's FX analyst Thu Lan Nguyen notes.
New
2025.04.25 21:35Kazakhstan puts OPEC+ cohesion to the test - Commerzbank
Given this situation, it is hardly conceivable that Kazakhstan will limit oil production as planned, let alone compensate for the current overproduction with larger production cuts, Commerzbank's commodity analyst Carsten Fritsch notes.
New
2025.04.25 21:32Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
