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Brent Crude Oil Wave Analysis – 23 October 2026

Brent Crude Oil: ⬆️ Buy – Brent Crude Oil broke resistance level 106.60 – Likely to rise to resistance level 113.80 Brent Crude Oil recently broke the resistance level 106.60, which stopped the previous impulse wave i at the start of September. The breakout of the resistance level 106.60 accelerat…

ОбновленныйОкт 26, 2026
1 мин. чтения
Brent Crude Oil Wave Analysis – 23 October 2026

Brent Crude Oil: ⬆️ Buy

– Brent Crude Oil broke resistance level 106.60

– Likely to rise to resistance level 113.80

Brent Crude Oil recently broke the resistance level 106.60, which stopped the previous impulse wave i at the start of September.

The breakout of the resistance level 106.60 accelerated the active impulse wave (iii) of the impulse wave 3, which belongs to the higher order impulse wave C from the end of June.

Given the strong daily uptrend, Brent Crude Oil can be expected to rise further toward the next resistance level 113.80 – which stopped the sharp upward impulse wave (A) in March and wave B at the start of May.

Source: https://fxpro.news

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