RoboForex Team
Well-known member
A surprise from the Fed and US: Brent heads towards 71.70 USD
Brent oil quotes continue their upward trend and may test the 71.70 USD level. Details – in our analysis for 10 July 2025.
Brent forecast: key trading points
The fundamental analysis for Brent today, 10 July 2025, takes into account that the Brent price, having updated June's highs, rose to 77.75 USD per barrel before forming a correction. At this stage, quotes remain around 69.70 USD.
US initial jobless claims for 10 July are forecast to rise to 336,000. The increase compared to the previous period is not critical but higher unemployment negatively affects purchasing power and may impact energy demand.
RoboForex Market Analysis & Forex Forecasts
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team
Brent oil quotes continue their upward trend and may test the 71.70 USD level. Details – in our analysis for 10 July 2025.
Brent forecast: key trading points
- Brent oil price is forming a correction
- US initial jobless claims: previous value – 233,000, forecast – 236,000
- Brent forecast for 10 July 2025: 71.70
The fundamental analysis for Brent today, 10 July 2025, takes into account that the Brent price, having updated June's highs, rose to 77.75 USD per barrel before forming a correction. At this stage, quotes remain around 69.70 USD.
US initial jobless claims for 10 July are forecast to rise to 336,000. The increase compared to the previous period is not critical but higher unemployment negatively affects purchasing power and may impact energy demand.
RoboForex Market Analysis & Forex Forecasts
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team
