Created
: 2025.06.02
- 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 holds range, faces resistance near 50-DMA at $67 - Société Générale
World FX news
Breaking news
Brent holds range, faces resistance near 50-DMA at $67 - Société Générale
New
2025.06.02 19:52
2025.06.02 19:52
2025.06.02 19:52
Brent crude continues to consolidate in a sideways pattern, with downward momentum still dominant. A potential base formation hinges on holding above recent lows and reclaiming key moving averages, Société Générale's FX analysts note.
Key support near April low at $58.40 in focus
"Brent has evolved within a sideways range after facing resistance near 50-DMA ($67) recently. Daily MACD remains anchored within negative territory denoting prevalence of downward momentum."
"It will be interesting to see if Brent can carve out a higher trough than that achieved in April near $58.40 and form a base. If it establishes itself above the MA at $66.30/67.00, a short-term up move may take shape. Next objectives could be located at $68.70 and $72.50."
Last updated
: 2025.06.02
Related articles
WTI extends upside above $62.50 geopolitical risks, supply fears
2025.06.04 09:02WTI Crude Oil extends gains as Canada wildfires, geopolitical tensions, and a broadly weaker US Dollar support prices
2025.06.04 02:36OPEC+ increases Oil production substantially again, but Oil prices rise nonetheless - Commerzbank
2025.06.03 19:07Oil bounces on the day - ING
2025.06.03 17:57WTI hovers around $62.50, downside appears due to OECD's revision of GDP forecasts
2025.06.03 17:13Crude Oil price today: WTI price bearish at European opening
2025.06.03 15:06
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
USD/INR softens ahead of Indian/US PMI releases
The Indian Rupee (INR) gains ground on Wednesday. The weaker US Dollar (USD) after the downbeat economic data supports the local currency.
New
2025.06.04 12:06US Dollar Index Price Forecast: Treads water above 99.00 near nine-day EMA barrier
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is edging lower after registering over 0.5% gains in the previous session and trading around 99.20 during the Asian hours on Wednesday.
New
2025.06.04 11:47Japanese Yen stalls Tuesday's retracement slide from one-week high against USD
The Japanese Yen (JPY) attracts some intraday buyers following an Asian session downtick against its American counterpart and for now, seems to have stalled its pullback from a one-week high touched the previous day.
New
2025.06.04 11:36Canadian PM Office: Additional US tariffs on steel, aluminium are 'unlawful, unjustified'
A statement from the Canadian Prime Minister's Office was released late Tuesday, stating that "additional US tariffs on Canadian steel and aluminium are 'unlawful and unjustified'."
New
2025.06.04 11:28US FBI Director: China targets our food supply, putting American lives serious risk
Federal Bureau of Investigation (FBI) Director Kash Patel confirmed via post on X the arrest of two Chinese nationals charged for smuggling potential bioterror fungus into the US.
New
2025.06.04 11:19Australian Dollar remains stronger following Q1 GDP data
The Australian Dollar (AUD) appreciates against the US Dollar (USD) on Wednesday after registering over 0.5% losses in the previous session. The AUD/USD pair remains in positive territory following the release of mixed economic data from Australia.
New
2025.06.04 10:53PBOC sets USD/CNY reference rate at 7.1886 vs. 7.1869 previous
The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.1886 as compared to the previous day's fix of 7.1869 and 7.1977 Reuters estimate.
New
2025.06.04 10:15NZD/USD strengthens to near 0.6000, eyes on potential US-China talks
The NZD/USD pair holds positive ground around 0.6000 during the early Asian session on Wednesday. The US Dollar (USD) weakens against the New Zealand Dollar (NZD) amid concerns over the impact of US President Donald Trump's tariffs on the US economy and global trade.
New
2025.06.04 10:04Iran says open to accept nuclear consortium on its soil
Iran is open to basing a nuclear deal with the United States (US) around the idea of a regional uranium enrichment consortium based in Iran, Axios reported on Wednesday, citing a senior Iranian official.
New
2025.06.04 09:19WTI extends upside above $62.50 geopolitical risks, supply fears
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.80 during the Asian trading hours on Tuesday. The WTI price extends the rally to two-week highs amid persistent geopolitical tensions and a weaker US Dollar (USD).
New
2025.06.04 09:02Disclaimer:
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
