Brent crude oil prices continue to decline and have exited the downward channel. At the time of this forecast’s publication, the price of Brent crude oil is $62.62 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, we should expect an attempt at a bullish correction and a test of the resistance level near $63.10 per barrel. Subsequently, a downward rebound and a continued decline below $59.45 are expected.
Brent crude oil Forecast for November 27, 2025
An additional signal of a decline in Brent crude oil prices and quotes will be a rebound from the resistance line on the relative strength indicator (RSI). The second signal will be a rebound from the upper boundary of the bearish channel. A strong rise and a break of $65.25 per barrel would cancel the downward trend in oil prices. This would indicate a break of the resistance area and a continued rise in BRENT prices above $72.05. A fall in oil prices and quotes would be confirmed by a break of the support area and a close of Brent prices below $60.35, which would indicate a break of the lower boundary of the descending channel, signaling a decline by the channel’s width.
Brent crude oil Forecast for November 27, 2025 suggests an attempt to test the resistance level near $63.10. Further declines are expected with a target below $59.45. A test of the trend line on the relative strength indicator (RSI) would support a decline in the asset. A strong rise and a break of $65.25 would cancel the downward trend in Brent prices. This would indicate a continued rise in quotes above $72.05.
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