Brent crude oil prices continue to move higher and are beginning to implement a “Wedge” reversal pattern. At the time of this forecast’s publication, the price of Brent crude oil is $65.87 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 value from current levels. At this point, we expect an attempt to continue the decline and a test of the support level near $64.45 per barrel. Subsequently, we expect an upward rebound and continued growth above $69.65.
Brent crude oil Forecast for November 13, 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). The second signal will be a rebound from the lower boundary of the Wedge reversal pattern. A decline and a breakout of $62.05 per barrel will cancel the upward trend in oil prices. This will indicate a breakout of the support area and a continued decline in BRENT prices below $55.65. A breakout of the resistance area and a close above $68.05 will confirm the upward trend in oil prices and quotes.
Brent crude oil Forecast for November 13, 2025 suggests an attempt to test the support level near $64.45. Further growth is expected with a target above $69.65. A test of the trend line on the relative strength indicator (RSI) will support the upside. A decline and a breakout of $62.05 will cancel the upward trend in Brent oil prices. This will indicate a continued decline in prices below $55.65.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
