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Brent Crude Oil Wave Analysis – 5 August 2025

Brent Crude Oil: ⬇️ Sell

– Brent Crude Oil broke support zone

– Likely to fall to support level 66.00

Brent Crude Oil recently broke the support zone between the key support level of 68.00 (which reversed the price multiple times in July) and the two support trendlines from May.

The breakout of this support zone accelerated the active impulse wave iii of the higher order impulse wave 3 from the middle of June.

Brent Crude Oil can be expected to fall to the next support level 66.00 (former resistance from May and the low of the earlier impulse wave i).

Source: Fxpro

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