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July 28, 2023 @ 15:55 +03:00
– Brent Crude oil broke two resistance levels
– Likely to rise to resistance level 86.00
Brent Crude oil recently broke the two consecutive resistance levels – 81.00 and 82.75 (top of the previous wave B from the end of April).
The breakout of theses resistance levels coincided with the breakout of the multi-month resistance trendline from last November – which accelerated the active impulse waves v and 3.
Brent Crude oil can be expected to rise further toward the next resistance level 86.00 (former monthly high from February and March).