Brent crude oil finished the trading week with strong growth near 72.72 USD per barrel. Moving averages indicate the presence of a bearish trend. The price broke above the signal lines, indicating buying pressure and the potential continuation of growth from current levels. At this stage, further upward movement is expected with a test of the resistance area near 74.65. After that, a rebound downward is likely, followed by continued decline toward levels below 63.05 USD per barrel.
Brent Weekly Forecast March 2 – 6, 2026
An additional signal in favor of a decline will be a test of the resistance line on the RSI indicator. The second signal will be a rebound from the upper boundary of the descending channel. The bearish scenario will be canceled by strong growth and a breakout above 79.65. This would indicate a breakout of resistance and continued growth toward levels above 85.65. Confirmation of the decline will come from a breakout of the support area and a close below 68.05, signaling a breakout of the lower boundary of the corrective bullish channel.
Brent Weekly Forecast March 2 – 6, 2026 suggests a test of resistance near 74.65, followed by a rebound and continued decline toward 63.05. A breakout above 79.65 would cancel the bearish scenario and open the way for further growth above 85.65.
