Brent crude oil prices continue to rise as a “Triangle” pattern begins to form. At the time of this forecast, the price of Brent crude stands at $102.49 per barrel. Moving averages indicate a short-term bullish trend for the commodity. Prices have broken upward through the area between the signal lines, indicating buying pressure and the potential for continued price growth from current levels. In the immediate term, a pullback and a test of the support level near $100.65 per barrel are expected, followed by an upward rebound and a continued rise in the price of oil to levels above 110.35.
Brent crude oil Forecast for October 13, 2026
An additional signal favoring a rise in Brent crude prices is a rebound from the support line on the Relative Strength Index (RSI). A second signal is a rebound from the upper boundary of the “Triangle” pattern. The bullish scenario would be invalidated by a drop and a breakout below the $95.05 per barrel level. This would signal a breakout below the support zone and a continued decline in Brent prices to levels below 86.65. A breakout above the resistance zone, with Brent prices closing above 105.85, would confirm an upward trend in oil prices.
Brent crude oil Forecast for October 13, 2026 anticipates a test of the support level near 100.65, followed by a continued rise in oil prices targeting levels above 110.35. A test of the trend line on the Relative Strength Index (RSI) would support this upward movement. The bullish scenario would be invalidated by a drop and a breakout below the 95.05 level, which would signal a continued decline in prices to levels below 86.65.
