Brent Crude Oil: ⬆️ Buy
– Brent Crude Oil broke resistance level 106.60
– Likely to rise to resistance level 113.80
Brent Crude Oil recently broke the resistance level 106.60, which stopped the previous impulse wave i at the start of September.
The breakout of the resistance level 106.60 accelerated the active impulse wave (iii) of the impulse wave 3, which belongs to the higher order impulse wave C from the end of June.
Given the strong daily uptrend, Brent Crude Oil can be expected to rise further toward the next resistance level 113.80 – which stopped the sharp upward impulse wave (A) in March and wave B at the start of May.