Created
: 2025.08.11
- 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 retreats after failing to break above 200-DMA - Société Générale
World FX news
Breaking news
Brent retreats after failing to break above 200-DMA - Société Générale
New
2025.08.11 20:13
2025.08.11 20:13
2025.08.11 20:13
Brent crude's inability to hold above the key $71 mark is reviving bearish sentiment, with technicals pointing to deeper losses if support at $63 gives way, Société Générale's FX analysts note.
Repeated $71 tesistance test signals renewed weakness in Brent
"Brent once again failed to establish itself above the 200-DMA (currently at $71) earlier this month and has since breached a short-term ascending trend line, highlighting a renewed downward momentum."
"Notably, previous failed attempts to cross this moving average have eventually led to extended declines. Continued inability to overcome the 200-DMA near $71 could result in further downside. The next support levels are located at the June low of $63.30/63.00, followed by $58.40."
Last updated
: 2025.08.11
Related articles
WTI Crude Oil steadies after seven-day slide, markets eye US-Russia peace talks
26 minutes agoBrent retreats after failing to break above 200-DMA - Société Générale
2025.08.11 20:12Trump deadline passes without stricter sanctions against Russia - Commerzbank
2025.08.11 18:53WTI extends downside to near $62.50 as traders brace for potential US-Russia talks
2025.08.11 16:04Crude Oil price today: WTI price bullish at European opening
2025.08.11 15:02WTI holds below $63.00 as traders await possible US-Russia meeting
2025.08.11 11:00
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
WTI Crude Oil steadies after seven-day slide, markets eye US-Russia peace talks
West Texas Intermediate (WTI) Crude Oil attracts fresh buying interest on Monday, breaking a sharp seven-day losing streak that had dragged prices to their lowest level in two months.
New
2025.08.11 22:41Gold falls on optimism over Russia-Ukraine peace talks
Gold (XAU/USD) kicks off the week on the back foot, trading with a negative tone on Monday as diminished safe-haven demand and improved risk appetite weigh on the precious metal.
New
2025.08.11 21:12JPY steady in quiet trade - Scotiabank
The Japanese Yen (JPY) is entering Monday's NA session flat against the US Dollar (USD) as it consolidates just above the lower end of its recent narrow range, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.08.11 20:43USD/CHF rallies beyond 0.8100 with all eyes on trade talks and US CP
The Swiss Franc is struggling on Monday amid a moderate risk appetite, while the US Dollar appreciates across the board amid hopes of a US-China trade deal and investors' reluctance of l¡placing large USD shorts ahead of Tuesday's US CPI release.In the absence of key fundamental releases on Monday,
New
2025.08.11 20:42GBP consolidating recent gains - Scotiabank
The Pound Sterling (GBP) is steady, entering Monday's NA session flat vs. the USD as it consolidates last week's gains, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.08.11 20:41USD/CNH is still trading in a range - UOB Group
US Dollar (USD) is likely to consolidate; firmer underlying tone suggests a higher range of 7.1820/7.1980.
New
2025.08.11 20:38EUR quiet ahead of Tuesday's ZEW - Scotiabank
The Euro (EUR) is entering Monday's NA session flat against the US Dollar (USD) as it extends its consolidation of last week's gains, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.08.11 20:32USD/JPY: Any advance is likely to be part of a higher range of 147.20/148.25 - UOB Group
US Dollar (USD) could rebound further, but any advance is likely to be part of a higher range of 147.20/148.25. In the longer run, downward momentum is slowing; the likelihood of USD dropping further is diminishing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.08.11 20:29CAD drifts in range after disappointing jobs data - Scotiabank
The Canadian Dollar (CAD) has drifted a little lower in quiet trade so far today but movement is limited spot is trading not far off of levels seen last Friday following the weaker than expected jobs data, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.08.11 20:26NZD/USD: Likely to trade in a range of 0.5935/0.5965 - UOB Group
New Zealand Dollar (NZD) is c. In the longer run, upward momentum is building, but not significantly; NZD could edge higher, but it is currently unclear if it can reach 0.6000, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.08.11 20:23Disclaimer:
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
