BRENT crude oil prices are ending the trading week rising near $66.014 per barrel. Moving averages indicate a bearish trend. Prices have broken through the signal lines below the $66.014 per barrel 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 $68.05. A downward rebound and a continued decline below $56.15 per barrel should then be considered.
Brent Weekly Forecast October 27 – 31, 2025
An additional signal favoring a decline in oil prices this week will be a test of the resistance line on the relative strength index. The second signal will be a rebound from the upper boundary of the bearish channel. A strong rise and a breakout of 74.65 will cancel the downward scenario for BRENT crude oil prices during the trading week of October 27-31, 2025. This will indicate a breakout of the resistance area and continued price growth above 82.55. A decline should be confirmed with a breakout of the support area and a close below 59.65.
Brent Weekly Forecast October 27 – 31, 2025 suggests an attempt to test the resistance area near 68.05. From there, a rebound and a continued decline with a potential target of 56.15 should be expected. An additional signal favoring a decline in oil prices will be a test of the trend line on the relative strength indicator. A strong rise and a breakout of 74.65 will cancel the downward scenario. This will indicate a breakout of the resistance area and continued price growth with a target above 82.55.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
