BRENT crude oil prices are ending the trading week near $65.31 per barrel. Moving averages indicate a bearish trend. Prices have broken through the signal lines below the area, indicating downward pressure from commodity sellers and a potential continuation of the decline from current levels. At this point, we should expect an attempt at a bullish correction and a test of the resistance area near $68.55. Then, we should consider a downward rebound and a continued decline in oil prices below $55.15 per barrel.
Brent Weekly Forecast October 6 — 10, 2025
An additional signal favoring 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 rally and a breakout of $76.55 would cancel out the downward trend in BRENT oil prices during the trading week of October 6-10, 2025. This would indicate a breakout of the resistance area and continued growth above $85.65. Confirmation of the decline should be expected with a breakout of the support area and a close below $63.35.
Brent Weekly Forecast October 6 — 10, 2025 suggests an attempt to test the resistance area near 68.55. From there, a rebound and a continued decline in oil prices with a potential target of 55.15 are expected. An additional signal favoring a decline in oil prices would be a test of the trend line on the relative strength indicator (RSI). A strong price increase and a breakout of 76.55 would invalidate 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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