Brent crude oil Wave Analysis – 17 August 2026

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.