Brent Crude Oil Breaks Resistance Zone, Eyes 95.00

Brent crude oil has broken through a significant resistance zone, and analysts expect it to continue rising. This breakout has likely accelerated the active short-term impulse wave 3 from August's start.

The resistance zone was between 88.80, the top of the previous minor correction b, and the 61.8% Fibonacci correction of the downward ABC correction 2.

Brent crude oil can now be expected to rise further to the next resistance level at 95.00, which previously stopped impulse wave 1 in July.