BRENT crude oil prices are ending the trading week with a decline near $63.35 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 $66.45. A downward rebound and a continued decline below $52.75 per barrel should then be considered.
Brent Weekly Forecast January 12 – 16, 2026
An additional signal of 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 rally and a breakout of 72.05 would cancel the downward price scenario for BRENT crude oil prices during the trading week of January 12-16, 2026. This would indicate a breakout of the resistance area and continued price growth above 78.25. A decline should be confirmed with a breakout of the support area and a close below 56.45.
Brent Weekly Forecast January 12 – 16, 2026 suggests an attempt to test the resistance area near 66.45. From there, a rebound and a continued decline with a potential target of 52.75 should be expected. A test of the trend line on the relative strength indicator (RSI) would also signal a decline. A strong rally and a breakout of 72.05 would cancel the downward price scenario. This would indicate a breakout of the resistance area and continued price growth with a target above 78.25.
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