HomeContributorsTechnical AnalysisBrent Crude Oil Wave Analysis

Brent Crude Oil Wave Analysis

Brent crude oil: ⬆️ Buy

– Brent broke resistance zone

– Likely to rise to resistance level 95.00

Brent crude oil today broke the resistance zone between the resistance level 88.80 (top of the previous minor correction b) and the 61.8% Fibonacci correction of the downward ABC correction 2.

The breakout of this resistance zone is likely to accelerate the active short-term impulse wave 3 from the start of August.

Brent crude oil can be expected to rise further to the next resistance level 95.00 – which stopped the previous impulse wave 1 in July.

Brent crude oil Wave Analysis – 17 August 2026


FxPro
FxProhttp://www.fxpro.co.uk/?ib=606792
FxPro is an award-winning online broker offering Contracts for Difference (CFDs) on forex, futures, spot indices, shares, spot metals and spot energies. FxPro serves clients in over 150 countries worldwide and offers multilingual customer support 24/5. Trading CFDs involves significant risk of loss.

Latest Analysis

Learn Forex Trading