Trade truce boosts market: Brent prices may regain ground
After a prolonged decline, Brent quotes may rise towards the 68.00 USD level. Find more details in our analysis for 12 August 2025.
Brent technical analysis
Having tested the lower Bollinger Band, Brent prices formed a Hammer reversal pattern on the H4 chart. At this stage, they are correcting following the signal. The Brent price forecast for 12 August 2025 suggests the 68.00 USD level as an upside target.
Along with the Brent technical analysis, the decline in US crude oil inventories supports a scenario of growth towards the 68.00 USD resistance level.
Read more - Brent Forecast
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team
After a prolonged decline, Brent quotes may rise towards the 68.00 USD level. Find more details in our analysis for 12 August 2025.
Brent technical analysis
Having tested the lower Bollinger Band, Brent prices formed a Hammer reversal pattern on the H4 chart. At this stage, they are correcting following the signal. The Brent price forecast for 12 August 2025 suggests the 68.00 USD level as an upside target.
Along with the Brent technical analysis, the decline in US crude oil inventories supports a scenario of growth towards the 68.00 USD resistance level.
Read more - Brent Forecast
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team