Brent crude oil prices continue to move within a rising trend and a bullish 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 uptrend in oil prices. Prices have broken above the signal lines, indicating upward pressure from buyers of “Black Gold” and potential continued price growth from current levels. Currently, we expect an attempt at a bearish correction and a test of support near $64.25 per barrel. Subsequently, we expect an upward rebound and continued growth above $69.65.
Brent crude oil Forecast for January 14, 2026
An additional signal supporting 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 decline and breakout of $62.05 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 $56.65. A breakout of the resistance area and a close above $68.05 would confirm an upward price scenario for oil prices.
Brent crude oil Forecast for January 14, 2026 suggests an attempt to test the support level near $64.25. Further growth is expected with a target above $69.65. A test of the trend line on the relative strength indicator (RSI) would support an upside scenario. A decline and breakout of $62.05 would cancel the upward price scenario for Brent. This would indicate a continued decline in prices below $56.65.
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