Brent Crude Falls After 200-DMA Rejection, Bearish Risks Grow

Brent Crude Falls After 200-DMA Rejection, Bearish Risks Grow

Brent crude oil is under renewed pressure following its inability to hold above the critical 200-day moving average (200-DMA), reinforcing bearish technical signals and increasing downside risks.

Last month’s recovery rally stalled near $81.40, and since then, Brent has slipped below the 200-DMA, echoing previous episodes in mid-2024 and early 2025 when a similar failure led to extended declines.

Key Support and Resistance Levels to Watch

• Immediate support: $63.30 – $63.00
• Deeper target: $58.40
• Short-term resistance: $69.00
• Major resistance (200-DMA): $72.00

Without decisive breaks above these resistances, Brent remains vulnerable to retesting the June lows and potentially deeper levels if bearish momentum persists.

Related Content on Tredu.com:

• WTI and Brent Technical Outlook for Q3
• Oil Prices and Global Demand Forecast
• What the 200-Day Moving Average Tells Us About Crude