Brent Wave Analysis – 3 March 2025

– Brent broke support zone

– Likely to fall to support level 70.50

Brent recently broke the support zone between the support level 74.00 and the support trendline of the daily up channel from September.

The breakout of this support zone accelerated the active intermediate impulse wave (3) from the end of February.

Given the clear daily downtrend, Brent can be expected to fall to the next support level 70.50 (former strong support from September to November).

Source: https://fxpro.news