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Brent Crude Oil: ⬆️ Buy
– Brent Crude Oil reversed from long-term support level 58.60
– Likely to rise to resistance level 62.00
Brent Crude Oil recently reversed from the support area between the long-term support level 58.60 (which has been reversing the price from April) and the lower daily Bollinger Band.
The upward reversal from this support area started the active short-term corrective wave (iv).
Given the strength of the support level 58.60, Brent Crude Oil can be expected to rise to the next resistance level 62.00 (former support from November).
Source: https://fxpro.news
