Brent crude oil prices continue to move within a developing correction and descending channel. At the time of this forecast’s publication, the price of Brent crude oil is $61.87 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices have broken below the area between the signal lines, indicating downward pressure from sellers of “Black Gold” and a potential continuation of the asset’s decline from current levels. At this point, we should expect an attempt at a bearish correction and a test of the support level near $61.05 per barrel. Subsequently, we expect an upward rebound and continued growth above $65.55.
Brent crude oil Forecast for December 24, 2025
An additional signal favoring growth in Brent crude oil prices and quotes will be a rebound from the support line on the relative strength indicator (RSI). A second signal will be a rebound from the lower boundary of the bullish channel. A sharp decline and a breakout of $60.05 per barrel would cancel the upward price scenario for oil. This would indicate a breakout of the support area and a continued decline in BRENT prices below $55.05. A breakout of the resistance area and a close above $63.05 would confirm an upward price trend for oil prices.
Brent crude oil Forecast for December 24, 2025 suggests an attempt to test the resistance level near $61.05. Further growth is expected with a target above $57.85. A test of the trend line on the relative strength indicator (RSI) would support an upward price scenario. A decline and a breakout of $65.75 would cancel the upward price scenario for Brent. This would indicate a continued decline in prices below $72.05.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
