Brent crude oil prices continue to move within the framework of a developing correction and a bullish channel. At the time of this forecast, the price of Brent crude stands at $97.71 per barrel. Moving averages indicate a short-term bullish trend for the oil. Prices have broken upward through the area between the signal lines, signaling buying pressure and a potential continuation of the asset’s price growth from current levels. In the immediate term, a downward move and a test of the support level near $94.25 per barrel are expected. This would be followed by an upward rebound and a continued rise in the oil price toward levels above $115.65.
Brent crude oil Forecast for September 28, 2026
An additional signal supporting a rise in Brent crude prices is a rebound from the support line on the Relative Strength Index (RSI) indicator. A second signal is a rebound from the lower boundary of the bullish channel. The bullish scenario would be invalidated by a drop and a breakout below the $90.05 per barrel level. This would indicate a breach of the support zone and a continued decline in Brent prices toward levels below $82.65. Confirmation of the price rise would come from a breakout of the resistance zone and a Brent price close above $105.55; this would signal a breakout above the upper boundary of a “Double Bottom” pattern and the start of the pattern’s execution with upside targets.
Brent crude oil Forecast for September 28, 2026 anticipates an attempt to test the support level near $94.25, followed by continued growth in oil prices toward a target above $115.65. A test of the trend line on the Relative Strength Index (RSI) will support a rise in the asset’s price. The bullish scenario for Brent crude oil would be invalidated by a drop and a breakout below the 90.05 level; this would signal a continued decline in quotes toward the area below 82.65.
