BRENT crude oil prices are ending the trading week with a decline near $64.60 per barrel. Moving averages indicate a bearish trend. Prices are again testing the signal line area, indicating 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 $68.15. A downward rebound and a continued decline below $52.65 per barrel should then be considered.
Brent Weekly Forecast January 19 – 23, 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 73.25 would cancel the downward price scenario for BRENT crude oil prices during the trading week of January 19-23, 2026. This would indicate a breakout of the resistance area and continued price growth above 78.45. A decline should be confirmed with a breakout of the support area and a close below 60.05.
Brent Weekly Forecast January 19 – 23, 2026 suggests an attempt to test the resistance area near 68.15. From there, a rebound and a continued decline with a potential target of 52.65 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 73.25 would cancel the downward price scenario. This would indicate a breakout of the resistance area and continued price growth with a target above 78.45.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
