As of October 21, 2025, Brent crude oil remains in a bearish zone, with market data indicating that selling pressure still dominates. In this analysis, the Trendo brokerage educational team examines both the technical and fundamental aspects of the Brent oil market to provide a clearer outlook on current conditions and potential future trends.
You can also access the Trendo trading platform and use its advanced analytical tools and features to conduct your own analyses with greater precision and confidence.
Technical Analysis of Brent Crude Oil (Brent)
Brent oil is currently moving within a strong downtrend, with prices consolidating inside a descending channel between $60 and $62. A triangle pattern is also forming, suggesting a potential continuation setup. Prices remain below the MA100 (around $61.6) and MA200 (around $63.2) moving averages — a classic indicator supporting the “sell on rallies” trading strategy.
The key support and resistance levels for Brent oil on October 21, 2025, are as follows:
- Resistance levels: 62.00 and 63.80
- Support level: 60.40
Keep in mind that trading based on support and resistance levels becomes more reliable when confirmed by other analytical tools such as price patterns, trading volume, indicators, and candlestick formations near these zones. Only when multiple confirmations align can traders enter positions with higher confidence and reduced risk.
Technical Analysis of Brent Crude Oil on Trendo Platform – H1 Timeframe
Fundamental Analysis of Brent Crude Oil (Brent)
From a fundamental perspective, the recent decline in Brent prices stems from several key factors. According to the U.S. Energy Information Administration (EIA), crude oil inventories in the United States increased by about 3.5 million barrels last week, exceeding analysts’ expectations and indicating a relative oversupply in the market. Meanwhile, easing geopolitical tensions in the Middle East and speculation about potential talks between President Donald Trump and Vladimir Putin regarding the Ukraine crisis have calmed market sentiment, further contributing to downward price pressure.
In addition, refinery maintenance in the U.S. has temporarily reduced domestic demand for crude oil. Economic data from China, one of the world’s largest oil consumers, also shows no significant growth in oil consumption, which adds to the overall bearish pressure on prices.
Conclusion
Brent oil’s technical outlook remains strongly bearish, and a decisive break below key support levels could trigger a further decline toward the $55 range. On the fundamental side, a supply surplus, temporary demand slowdown due to refinery maintenance, and reduced geopolitical risks all continue to exert downward pressure on prices in the short term. However, the primary resistance zone remains near $62, and a sustained move above this level could signal a short-term market rebound. To trade Brent crude oil with the lowest spreads and commissions, visit the Trendo trading platform, where you can leverage advanced technical and fundamental tools for an optimal trading experience.
Please note:
This analysis is intended solely for educational and informational purposes and does not constitute investment advice or a recommendation to buy or sell. All trading decisions should be made with careful risk management, and the responsibility ultimately lies with the trader.
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