Brent Breakout Gathers Momentum Toward 112.80 – 19 October…
By Karthik Subramanian
AI summary of the source article
Brent crude oil broke through the 106.10 resistance level and is projected to rise toward the 112.80 level amid ongoing Middle East supply disruptions.
Key facts
- Brent crude oil broke the resistance level of 106.10.
- Brent crude oil is expected to rise toward the next resistance level at 112.80.
- Bullish sentiment in crude oil markets is supported by ongoing Middle East supply disruptions.
Source excerpt · FinanceFeeds
Brent crude oil can be expected to rise further toward the next resistance level 112.80 (which stopped the previous corrective wave B at the start of May). Brent crude oil broke resistance level 106.10 Likely to rise to resistance level 112.80 Brent crude oil recently broke the resistance level 106.10 (which stopped the previous impulse wave A in the middle of September, as can be seen from the da…