Created
: 2025.10.01
- 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 stalls below 200-DMA, downside risks mount - Société Générale
World FX news
Breaking news
Brent stalls below 200-DMA, downside risks mount - Société Générale
New
2025.10.01 17:43
2025.10.01 17:43
2025.10.01 17:43
Brent remains capped below its 200-DMA near $70, with repeated failures to break higher raising the risk of another downward leg toward $65 and potentially $63-61, Société Générale's FX analysts note.
Key resistance at $70 caps Brent rally
"Brent has consistently struggled to surpass the 200-day moving average (DMA), indicating a lack of sustained upward momentum. The moving average, which is currently positioned around $70.00/70.75, acts as a short-term resistance zone."
"If Brent fails to break above this hurdle, there is a risk of another downward move. A break below the recent pivot low at $65.00 could trigger an extended decline toward $63.30/63.00 and projections near $60.90."
Last updated
: 2025.10.01
Related articles
Crude oil price today: WTI price bearish at European opening
2025.10.24 15:07USD/CAD gains above 1.4000 due to increased risk aversion, weaker Oil prices
2025.10.24 12:19WTI falls to near $61.00, downside appears limited due supply concerns
2025.10.24 11:31WTI Price Forecast: Crude Oil challenges 50-day SMA as US sanctions spark fresh rally
2025.10.24 03:49USD/CAD steadies as stronger US Dollar offsets support from rising oil prices
2025.10.24 00:30USD firmer versus core majors - Scotiabank
2025.10.23 23:12
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/CAD Price Forecast: Moves above 1.4000, nine-day EMA due to bullish reversal potential
USD/CAD extends its gains for the second successive session, trading around 1.4010 during the European hours on Friday. The technical analysis of the daily chart suggests a potential for a bullish reversal as the pair rebounds from the lower boundary of the ascending channel pattern.
New
2025.10.24 16:19GBP/JPY extends gains, nearing 204.00 after upbeat UK Retail Sales
The British Pound has accelerated its uptrend on Friday, reaching fresh two-week highs in the area of 203.90, buoyed by an unexpected increase of September's UK Retail Sales figures, and is on track to close the week with a o0.8% advance, its best weekly performance since July.
New
2025.10.24 16:17EUR/USD hovers near recent lows ahead of Eurozone PMIs
EUR/USD shows moderate losses on Friday, trading a few pips above 1.1600 at the time of writing, on track for a 0.4% weekly decline.
New
2025.10.24 16:07Forex Today: PMI reports from major economies and US CPI data to lift volatility
Here is what you need to know on Friday, October 24:
New
2025.10.24 15:57NZD/USD hovers around 0.5750 as traders adopt caution ahead of US CPI data
NZD/USD moves little after registering gains in the previous session, trading around 0.5750 during the early European hours on Friday.
New
2025.10.24 15:51AUD/JPY holds positive ground above 99.00 as trade talks boost investor sentiment
The AUD/JPY cross trades on a stronger note near 99.35 during the early European session on Friday. Hope for a US-China trade deal provides some support to the Australian Dollar (AUD) against the Japanese Yen (JPY).
New
2025.10.24 15:46EUR/GBP remains subdued near 0.8700 following UK Retail Sales, awaits PMI data
EUR/GBP inches lower after two days of gains, trading around 0.8710 during the Asian hours on Friday. The currency cross holds losses following the United Kingdom (for September.
New
2025.10.24 15:11Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $61.33 per barrel, down from Thursday's close at $61.60.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $65.04 after its previous daily close at $65.29.
New
2025.10.24 15:07FX option expiries for Oct 24 NY cut
FX option expiries for Oct 24 NY cut at 10:00 Eastern Time via DTCC can be found below.
New
2025.10.24 14:59USD/INR falls while India's flash PMI growth cools down
The Indian Rupee (INR) trades higher against the US Dollar (USD) on Friday. The USD/INR pair falls to near 87.85 as the Indian Rupee gains amid growing optimism over the trade deal between the United States (US) and India.
New
2025.10.24 14:58Disclaimer:
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
