Brent crude oil prices are ending the trading week with a decline, hovering near the $97.66 per barrel mark. Moving averages indicate a bullish trend. Prices are once again testing the area near the signal lines, suggesting buying pressure and a potential resumption of growth from current levels. For now, we should anticipate a corrective move and a test of the support area near 91.45. Subsequently, an upward rebound and a rise toward levels above $122.55 per barrel should be considered.
Brent Weekly Forecast September 28 – October 3, 2026
An additional signal supporting a rise in oil prices this week is a test of the support line on the Relative Strength Index. A second signal would be a rebound from the lower boundary of the bullish channel. The bullish scenario for Brent crude oil prices during the trading week of September 28 – October 3, 2026, would be invalidated by a drop and a breakout below the 87.05 level. Such a move would signal a breach of the support zone and a continued decline toward levels below 77.55. Confirmation of further gains should be sought upon a breakout above the resistance zone and a close above the 106.55 level.
Brent Weekly Forecast September 28 – October 3, 2026 anticipates a test of the support zone near the 91.45 level. From there, a rebound and an attempt to resume the upward trend are expected, with a potential target at 122.55. 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 below the 87.05 level; this would indicate a breach of the support zone and a continued decline with a target below 77.55.
