BRENT crude oil prices are ending the trading week near $64.78 per barrel. Moving averages indicate a bearish trend. Prices have broken through the signal lines, 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 68.65. A downward rebound and continued decline in oil prices below $53.45 per barrel should then be considered.
Brent Weekly Forecast October 13 – 17, 2025
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 bearish channel. A strong rise and a break of 76.55 would cancel out the downward trend in BRENT oil prices during the trading week of October 13-17, 2025. This would indicate a break of the resistance area and continued growth above 85.65. Confirmation of the decline should be expected with a break of the support area and a close below 62.35.
Brent Weekly Forecast October 13 – 17, 2025 suggests an attempt to test the resistance area near 68.65. From here, we should expect a rebound and an attempt to continue the decline in oil prices, with a potential target at 53.45. 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 76.55 would cancel this downward scenario. This would indicate a breakout of the resistance area and continued price growth with a target above 85.65.
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