Technical analysis

Brent Crude Oil Wave Analysis – 22 December 2025

Brent Crude Oil: ⬆️ Buy

– Brent Crude Oil reversed from long-term support level 58.60

– Likely to rise to resistance level 62.00

Brent Crude Oil recently reversed from the support area between the long-term support level 58.60 (which has been reversing the price from April) and the lower daily Bollinger Band.

The upward reversal from this support area started the active short-term corrective wave (iv).

Given the strength of the support level 58.60, Brent Crude Oil can be expected to rise to the next resistance level 62.00 (former support from November).

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.

Share
Published by
The FxPro Tech Analysis Team
Tags: brent

Recent Posts

Bitcoin Wave Analysis – 14 January 2026

Bitcoin: ⬆️ Buy - Bitcoin broke resistance area - Likely to rise to resistance level…

13 hours ago

NZDJPY Wave Analysis – 14 January 2026

NZDJPY: ⬇️ Sell - NZDJPY reversed down from the resistance area - Likely to fall…

13 hours ago

What is Leverage?

Leverage is a mechanism that lets traders control larger positions using smaller capital. By choosing…

17 hours ago

The dollar does not tolerate dissent

US GDP growth is driven not by the White House, but by AI. The Bank…

23 hours ago

The crypto market has made a breakthrough

The crypto market surges, hitting new highs, with bullish sentiment for Bitcoin and Ethereum amid…

23 hours ago

Brent Crude oil Wave Analysis – 13 January 2026

Brent Crude oil ⬆️ Buy - Brent Crude oil rising inside impulse wave c -…

2 days ago

This website uses cookies