Brent crude oil prices continue to move within a rising and falling channel. At the time of this forecast’s publication, the price of Brent crude oil is $63.88 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices have broken above the signal lines, indicating upward pressure from buyers of “Black Gold” and potential continued price growth from current levels. At this point, we expect an attempt at a bullish correction and a test of the resistance level near $65.65 per barrel. Subsequently, a downward rebound is expected, with the price of oil continuing to decline below $58.45.
Brent crude oil Forecast for January 13, 2026
An additional signal of a decline in Brent crude oil prices will be a rebound from the resistance line on the relative strength index (RSI). The second signal will be a rebound from the upper boundary of the bearish channel. A strong rise and a break of $67.45 per barrel would cancel the downward scenario for oil prices. This would indicate a break of the resistance area and continued growth in BRENT prices above $72.65. A break of the support area and a close of Brent prices below $59.25 would confirm a decline in oil prices and quotes, indicating a break of the lower boundary of the bullish correction channel.
Brent crude oil Forecast for January 13, 2026 suggests an attempt to test the resistance level near $65.65. Further declines are expected with a target below $58.45. A test of the trend line on the relative strength indicator (RSI) would support a downside scenario. A strong rise and a break of $67.45 would cancel the downward scenario for Brent oil prices. This would indicate continued growth in prices above $72.65.
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