Categories: Technical analysis

Brent Crude oil Wave Analysis 28 July 2023

– Brent Crude oil broke two resistance levels

– Likely to rise to resistance level 86.00

Brent Crude oil recently broke the two consecutive resistance levels – 81.00 and 82.75 (top of the previous wave B from the end of April).

The breakout of theses resistance levels coincided with the breakout of the multi-month resistance trendline from last November – which accelerated the active impulse waves v and 3.

Brent Crude oil can be expected to rise further toward the next resistance level 86.00 (former monthly high from February and March).

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

The crypto market is updating its lows but avoiding sharp changes

Market Picture The crypto market set another trap for bulls yesterday afternoon, jumping to $3T…

22 minutes ago

JPMorgan Chase Wave Analysis – 18 December 2025

JPMorgan Chase: ⬇️ Sell - JPMorgan Chase reversed from resistance area - Likely to fall…

11 hours ago

EURUSD Wave Analysis – 18 December 2025

EURUSD: ⬇️ Sell - EURUSD reversed from resistance area - Likely to fall to support level…

11 hours ago

AUDJPY Wave Analysis – 18 December 2025

AUDJPY: ⬆️ Buy - AUDJPY reversed from support area - Likely to rise to resistance…

12 hours ago

Palladium Wave Analysis – 18 December 2025

Palladium: ⬆️ Buy - Palladium broke multi-month resistance level 1600.00 - Likely to rise to resistance…

12 hours ago

GBPUSD. Current situation #tradelikeapro #trading #tradingstrategy #tradingshorts #gbpusd #gbp

Today is Thursday, the 18th of December, and we'll be talking about the British pound…

17 hours ago

This website uses cookies