Categories: Technical analysis

Brent crude oil Wave Analysis – 10 June 2025

Brent crude oil: ⬇️ Sell

– Brent crude oil reversed from key resistance level 67.80

– Likely to fall to support level 64.60.

Brent crude oil recently reversed down from the resistance area between the key resistance level 67.80 (which stopped wave (2) in the middle of April), upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from January.

The downward reversal from this resistance area stopped the previous short-term ABC correction 2 from the start of May.

Given the strong daily downtrend, Brent crude oil can be expected to fall to the next support level 64.60.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: brent

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