Brent Crude Oil Technical Analysis Report 16 December, 2025
Given the predominant daily downtrend, Brent Crude Oil can be expected to fall further to the next powerful support level 58.25 (former multi-month low from April, which is also the target price for the completion of the active impulse wave 3)
- Brent Crude Oil broke support area
- Likely to fall to support level 58.25
recently broke through the strong support area located between the support level 61.00 (former monthly low from November, as can be viewn from the daily Brent Crude Oil chart below) and the support 59.80 (which stopped wave 1 in October). The breakout of this support area accelerated the active impulse waves iii and 3, which are a part of the extended intermediate impulse wave (C) from the end of September – which begined when the price failed to break above the round resistance level 70.00.
Given the predominant daily downtrend, Brent Crude Oil can be expected to fall further to the next powerful support level 58.25 (former multi-month low from April, which is also the target price for the completion of the active impulse wave 3)
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