Brent crude oil prices continue to move within the growing upward trend and a bullish channel. At the time of publication of this forecast, the price of Brent crude oil is $78.46 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices have broken below the signal lines, indicating downward pressure from sellers of “Black Gold” and a potential further decline in the asset’s price from current levels. At this point, an attempt at a bearish correction and a test of the support level near $76.65 per barrel is expected. Next, a price rebound and continued growth above 83.55.
Brent crude oil Forecast for July 14, 2026
An additional signal favoring growth in Brent crude oil quotes and prices 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. The upward trend in oil prices will be canceled by a decline and a breakout of $74.05 per barrel. This will indicate a breakout of the support area and a continued decline in BRENT quotes below 70.05. A breakout of the resistance area and a close above 81.05 will confirm growth in oil quotes and prices.
Brent crude oil Forecast for July 14, 2026 suggests an attempt to test the support level near 76.65. Further growth is then expected with a target above 83.55. A test of the trend line on the relative strength indicator (RSI) would support a rally. A decline and a break of 74.05 would invalidate the upward trend in Brent crude oil prices. This would indicate a continued decline below 70.05.
