Brent Wave Analysis – 4 September 2026

Brent: ⬇️ Sell

– Brent crude oil reversed from resistance level 96.00

– Likely to fall to support level 90.00

Brent crude oil recently reversed from the resistance zone between the pivotal resistance level 96.00 (which has been reversing the price from June), 61.8% Fibonacci correction of the downward impulse from May and the upper daily Bollinger Band.

The downward reversal from the resistance level 96.00 stopped the previous intermediate short-term impulse wave 3 from the start of August.

Given the strength of the resistance level 96.00, Brent crude oil can be expected to fall further to the next round support level 90.00.