Brent Crude Oil continues to fall in the sharp short-term impulse wave 5 – which belongs to wave (C) of the strong extended downward ABC correction ② from the start of October.
The price today broke through the key support level 61.70 – which has been repeatedly reversing the price from the middle of November.
Having just broken through the key support level 60.00 – Brent Crude Oil is expected to fall further and retest the next major support at 50.00
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