Brent oil quotes continue to move within the development of the correction and bearish channel. At the time of publication of the forecast, the price of Brent oil is $ 67.86 per barrel. Moving averages indicate the presence of a short-term bearish trend for oil. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of “Black Gold” and a potential continuation of the fall in the value of the asset from the current levels. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the area of 68.65 dollars per barrel. Next, a downward rebound in prices and a continuation of the fall in the oil rate to the area below the level of 65.15.
Brent crude oil Forecast for September 12, 2025
An additional signal in favor of a decrease in quotes and prices for Brent oil will be a rebound from the resistance line on the relative strength indicator (RSI). The second signal will be a rebound from the upper border of the bearish channel. The cancellation of the option for falling oil prices will be a strong growth and a breakout of the level of 69.65 dollars per barrel. This will indicate a breakout of the resistance area and continued growth of BRENT quotes to the area above the level of 75.45. Confirmation of the fall in quotes and oil prices will be a breakout of the support area and closing of Brent prices below the level of 66.45, which will indicate a breakout of the lower border of the bullish correction channel.
Brent crude oil Forecast for September 12, 2025 suggests an attempt to test the resistance level near the area of 68.65. Further, the continuation of the fall of oil with a target below the level of 65.15. A test of the trend line on the relative strength indicator will be in favor of a decrease in the asset. The cancellation of the option for falling Brent oil prices will be a strong growth and a breakout of the level of 69.65. This will indicate continued growth of quotes to the area above the level of 75.45.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
