Brent crude oil prices continue to move within a bearish channel. At the time of this forecast’s publication, the price of Brent crude oil is $67.47 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have broken above the signal lines, indicating upward pressure from buyers of “Black Gold” and potential continued price growth from current levels. Currently, we expect an attempt to continue the rally and test the resistance level near $68.65 per barrel. Subsequently, a downward rebound and a continued decline below $65.05 are expected.
Brent crude oil Forecast for September 19, 2025
An additional signal of a decline in Brent crude oil prices will be a rebound from the resistance line on the relative strength indicator (RSI). A second signal will be a rebound from the upper boundary of the bearish channel. A strong rally and a breakout of $69.85 per barrel would cancel the oil price decline scenario. This would indicate a breakout of the resistance area and continued growth in BRENT prices above $73.65. A breakout of the support area and a close of Brent prices below $66.25 would confirm a decline in oil prices and quotes, indicating a breakout of the lower boundary of the bullish correction channel.
Brent crude oil Forecast for September 19, 2025 suggests an attempt to test the resistance level near $68.65. Further declines are expected with a target below $65.05. A test of the trend line on the relative strength indicator (RSI) would support the asset’s growth. A strong rally and a breakout of $69.85 would cancel the Brent price decline scenario. This would indicate continued growth in prices above $73.65.
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