Brent Crude Oil has been rising strongly in the last few trading sessions – in line with our earlier forecast for this instrument. Brent Crude Oil recently broke the upper resistance trendline of the daily Triangle from the start of March.
The price is currently approaching the next resistance trendline – belonging to the longer-term down channel from last December (standing close to the resistance level 110.60, the top of the previous impulse wave (i)). If Brent Crude Oil breaks above 110.60 – it can be expected to rise further to the next buy target 112.00.
The post HY MARKETS News: Commodities Report:Brent Crude Oil appeared first on | HY Markets Official blog.
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