Brent Oil Correction Matures: Key Wedge Breakout on the Horizon
20 November 2025
In today’s technical analysis, let’s take a closer look at Brent oil, which is attempting a modest climb on Thursday. Despite today’s upswing, the broader picture remains dominated by weakness. After a very strong finish to October, Brent entered a persistent bearish correction, and this decline has been in place ever since the final days of last month. The correction itself is taking the shape of a falling wedge, a structure that often precedes a reversal—though it still requires confirmation.
A potentially important development emerged this week: Brent formed a higher low, following last week’s lower low. This is the first constructive signal inside the wedge and suggests that sellers may be losing some momentum. Still, it is only an early indication, not a buy signal on its own. For a proper bullish reversal, buyers must force a breakout above the upper boundary of the wedge, which remains unbroken for now.
Until that breakout occurs, the correction remains active and Brent stays under pressure. But the structure is maturing, and price action is getting tighter—meaning a decision is approaching. If buyers manage to push the price above the wedge resistance with a confirmed daily close, that would unlock a clear technical buy signal and potentially start a new upward leg.