FxPro - Analytics

FxPro

761.75 6.25/10
89% of positive reviews
Real

Brent Wave Analysis – 11 February, 2022

Brent Wave Analysis – 11 February, 2022

• Brent reversed from support zone

• Likely to rise to resistance level 93.35

Brent recently reversed up from the support area located between the key support level 90.00 (former resistance from January), 38.2% Fibonacci correction of the upward impulse (i) from January and the support trendline of the daily up channel from December.

The upward reversal from this support area continues the active short-term impulse waves (iii), 3 and (C).

Given the clear daily uptrend, Brent can be expected to rise further toward the next resistance level 93.35 (top of the previous impulse waves (i)).

Brent Wave Analysis – 11 February, 2022


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree