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 $66.72 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. Currently, we expect an attempt to rally and test the resistance level near $67.15 per barrel. Subsequently, a downward rebound and a further decline below $64.75 are expected.
Brent crude oil Forecast for September 24, 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 $69.05 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 $74.95. A breakout of the support area and a close of Brent prices below $66.05 would confirm a decline in oil prices and quotes.
Brent crude oil Forecast for September 24, 2025 suggests an attempt to test the resistance level near $67.15. Further declines are expected with a target below $64.75. 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 $69.05 would cancel the Brent price decline scenario. This would indicate continued growth in prices above $74.95
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