BRENT crude oil prices are ending the trading week with gains near $63.95 per barrel. Moving averages indicate a bearish trend. Prices have broken through the signal lines downwards, indicating pressure from commodity sellers and a potential continuation of the decline from current levels. At this point, we should expect an attempt to develop a bullish correction and test the resistance area near 66.45. A downward rebound and a continued decline below $54.75 per barrel should then be considered.
Brent Weekly Forecast December 1 – 5, 2025
An additional signal favoring a decline in oil prices this week will be a test of the resistance line on the relative strength indicator. A second signal will be a rebound from the upper boundary of the descending channel. A strong rise and a breakout of 73.85 would cancel out the downward trend in BRENT oil prices and quotes during the trading week of December 1-5, 2025. This would indicate a breakout of the resistance area and continued growth above 80.05. Confirmation of the decline should be expected with a breakout of the support area and a close below 58.75.
Brent Weekly Forecast December 1 – 5, 2025 suggests an attempt to test the resistance area near 66.45. From here, we should expect a rebound and an attempt to continue the decline in oil prices, with a potential target at 54.75. A test of the trend line on the relative strength indicator (RSI) would be an additional signal of a decline in oil prices. A strong price increase and a breakout of 73.85 would cancel out the downward trend. This would indicate a breakout of the resistance area and a continued rise in oil prices, with a target above 80.05.
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