Brent Crude oil: ⬆️ Buy
- Brent Crude oil broke the resistance area
- Likely to rise to resistance level 72.75
Brent Crude oil recently broke the resistance area between the round resistance level 70.00 (which has been reversing the price from September) and the 61.8% Fibonacci correction of the downward impulse from June.
The breakout of this resistance area accelerated the active minor impulse wave 3 – which belongs to the intermediate impulse wave (C) from December.
Brent Crude oil can be expected to rise to the next resistance level 72.75 (former monthly high from July).
 and the 61.8% Fibonacci correction of the downward impulse from June.){kind=link}