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Brent Crude Oil Wave Analysis – 11 September , 2018

September 11, 2018 at 06:18PM

• Brent Crude Oil reversed from support area • Further gains are likely Brent Crude Oil recently reversed up strongly from the support area lying between the pivotal support level 7550.00 (former resistance from July) and the 38.2% Fibonacci correction of the previous impulse wave (1). The upward reversal from this support area started the active medium-term impulse wave (3). Brent Crude Oil is expected to rise further and retest the next resistance level 7950.00 (top of the previous impulse wave (1)). Continue Reading:…

Author: Wave Tech Analysis https://blog.fxpro.co.uk/market-snapshots/11092018-brent-crude-oil-wave-analysis-11-september-2018/ Selected by SYFX+

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