BRENT crude oil prices are ending the trading week with a decline near $60.32 per barrel. Moving averages indicate a bearish trend. Prices have broken through the signal lines below this area, indicating downward pressure from commodity sellers and a potential continuation of the decline from current levels. Currently, we should expect an attempt at a bullish correction and a test of the resistance area near $63.15. A downward rebound and a continued decline below $50.55 per barrel should then be considered.
Brent Weekly Forecast December 29, 2025 — January 2, 2026
An additional signal of a decline in oil prices this week will be a test of the resistance line on the relative strength index (RSI). The second signal will be a rebound from the upper boundary of the descending channel. A strong rise and a breakout of 67.65 will cancel the downward trend in BRENT crude oil prices during the trading week of December 29, 2025 – January 2, 2026. This will indicate a breakout of the resistance area and continued growth above 80.05. A decline should be confirmed with a breakout of the support area and a close below 57.05.
Brent Weekly Forecast December 29, 2025 — January 2, 2026 suggests an attempt to test the resistance area near 63.15. From there, a rebound and a further decline with a potential target of 50.55 should be expected. A test of the trend line on the relative strength indicator (RSI) will also serve as an additional signal favoring a decline in oil prices. A strong rise and a breakout of 67.65 will cancel the downward trend. This will indicate a breakout of the resistance area and a continuation of the rise in oil prices with a target above the 80.05 level.
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