BRENT crude oil prices are ending the trading week with gains near $96.24 per barrel. Moving averages indicate a bullish trend. Prices have broken above the signal lines, indicating upward pressure from commodity buyers and potential continued growth from current levels. At this point, we should expect an attempt at a correction and a test of the support area near $87.05. Then, we should consider an upward rebound and continued growth in oil prices above $115.05 per barrel.
Brent Weekly Forecast April 13 – 17, 2026
An additional signal favoring a decline in oil prices this week will be a test of the support line on the relative strength indicator. A second signal will be a rebound from the lower boundary of the bullish channel. A decline and a break of $75.05 would cancel out the upward trend in BRENT oil prices and quotes during the trading week of April 13-17, 2026. This would indicate a break of the support area and a continuation of the decline in oil prices below $65.05. Confirmation of the upside is expected with a break of the resistance area and a close above $105.05.
Brent Weekly Forecast April 13 – 17, 2026 suggests an attempt to test the support area near $87.05. From here, we should expect a rebound and an attempt to continue the oil price rise, with a potential target at 115.05. An additional signal in favor of oil price growth would be a test of the trend line on the relative strength indicator. A price decline and a break of the 75.05 area would cancel out the upward trend. This would indicate a break of the support area and a continued decline in oil prices, with a target below 65.05.
