BRENT crude oil prices are ending the trading week with gains near $94.26 per barrel. Moving averages indicate a bullish trend. Prices are again testing the signal line area, indicating pressure from commodity buyers and potential continued growth from current levels. Currently, we should expect an attempt at a correction and a test of the support area near 85.05. Then, we should consider an upward rebound and continued growth in oil prices above $112.55 per barrel.
Brent Weekly Forecast September 7 – 11, 2026
An additional signal for oil prices to rise this week will be a test of the support line on the relative strength indicator (RSI). A rebound from the lower boundary of the bullish channel will serve as a second signal. A decline and a break of 75.05 will cancel out the upward trend in BRENT oil prices during the trading week of September 7-11, 2026. This will indicate a break of the support area and a continuation of the decline below 60.05. Confirmation of the rise should be expected with a break of the resistance area and a close above 98.55.
Brent Weekly Forecast September 7 – 11, 2026 suggests an attempt to test the support area near 85.05. From this point, a rebound and a continued rally with a potential target of 112.55 should be expected. An additional signal for oil prices to rise will be a test of the trend line on the RSI. The upside scenario would be cancelled if the price falls and breaks the 75.05 level. This would indicate a break of the support area and a continued decline in oil prices with a target below the 60.05 level.
