BRENT oil quotes are ending the trading week near the area of 68.05 dollars per barrel. Moving averages indicate the presence of a bearish trend. Prices broke through the area with signal lines downwards, which indicates pressure from raw material sellers and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near the level of 71.45. Then, we should consider a downward rebound and a continuation of the fall in oil to the area below the level of $ 55.25 per barrel.
Brent Weekly Forecast August 25 — 29, 2025
An additional signal in favor of a fall in oil prices this week will be a test of the resistance line on the relative strength indicator. The second signal will be a rebound from the lower border of the bullish channel. The cancellation of the option of a fall in quotes and prices for BRENT oil in the trading week of August 25 – 29, 2025 will be strong growth and a breakout of the level of 79.25. This will indicate a breakout of the resistance area and continued growth of oil to the area above the level of 86.05. Confirmation of the fall should be expected with a breakout of the support area and closing of quotes below the level of 63.05, which will indicate a breakout of the lower border of the bullish correction channel.
Brent Weekly Forecast August 25 — 29, 2025 suggests an attempt to test the resistance area near the level of 71.45. Where should we expect a rebound and an attempt to continue the fall of oil with a potential target at the level of 55.25. An additional signal in favor of a decrease in the price of oil will be a test of the trend line on the relative strength indicator. The cancellation of the fall option will be a strong increase in price and a breakout of the 79.25 area. This will indicate a breakout of the resistance area and continued growth in oil prices with a target above the level of 86.05.
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