Oct. 21 at 10:03 PM
Brent crude oil held above key support at
$60.1, a major confluence point that aligns with multiple wave projections and the psychological
$60.0 level. A double bottom, two daily hammers, a bullish engulfing line, and a KasePO PeakOut (oversold signal) suggest a correction is underway. A close above
$62.3 would confirm the bullish candlestick patterns and open the way for
$62.7 and possibly
$63.8. However, the call for tomorrow is tight because the broader downtrend remains intact. Falling below
$60.9 would call for another test of key support at
$60.1.
Read our short-term outlook at https://www.kaseco.com/oil-price-forecast/brent-crude-oil-price-forecast-october-21-2025/
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$BNO