Brent crude oil prices are ending the trading week with gains, hovering near the $104.48 per barrel mark. Moving averages indicate a bullish trend. Prices are re-testing the area near the signal lines, suggesting buying pressure and a potential continuation of the rise from current levels. For now, an attempt at a correction and a test of the support area near 99.05 are expected. Subsequently, one should look for an upward rebound and a continued rise in oil prices toward the area above $125.05 per barrel.
Brent Weekly Forecast September 14 – 18, 2026
A test of the support line on the Relative Strength Index will serve as an additional signal favoring a rise in oil prices this week. A second signal will be a rebound from the lower boundary of the bullish channel. The scenario of rising Brent crude prices for the week of September 14–18, 2026, would be invalidated by a drop and a breakout below the 92.05 level. This would indicate a breach of the support area and a continued decline in oil prices toward the area below 80.55. Confirmation of the upward trend should be expected upon a breakout above the resistance zone and a close above the 110.55 level.
Brent Weekly Forecast September 14 – 18, 2026 suggests a potential test of the support zone near the 99.05 level. A rebound and an attempt to resume the upward trend—targeting the 125.05 level—are expected from there. A test of the trend line on the Relative Strength Index (RSI) would serve as an additional signal supporting a price increase. The bullish scenario would be invalidated if the price falls and breaks through the 92.05 zone; this would indicate a breakdown of the support area and a continued decline in oil prices, targeting levels below 80.55.
