Brent Crude Oil Wave Analysis

NZDUSD records a sizeable green candle today Strong reaction following the recent acute correction Momentum indicators are mixed, bearish pressure weakening NZDUSD is edging aggressively higher today, cancelling out a good part of the recent correction that led to a new 9-month low. The overall positive market sentiment and the stronger labour market data from […]

Gold broke daily down channel Likely to reach resistance level 2415.00 Gold recently broke the resistance trendline of the narrow daily down channel from April, which enclosed the previous ABC correction (4). The breakout of this down channel accelerated the active intermediate impulse wave (5) – which belongs to the higher order impulse sequence from […]

As seen on the XBR/USD chart, Brent crude oil prices are hovering near last week’s highs this morning as market participants assess various influencing factors, including: → New U.S. sanctions on Iran, which are limiting its export capacity and tightening global supply, particularly to China. → Ongoing negotiations between the U.S., Ukraine, and Russia in […]