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Brent takes out $82.20 and here is the next potential resistance level

Since my last update on Brent crude, the price has now risen above the noted $82.20 level and extended closer to $82.50. The next potential resistance point to note could be a Fibonacci correction level. That is at $82.61 and represents a 38.2% correction of the whole post October 7 move lower, from a high at $92.32, to the most recent low at $76.60. Brent has traded as high as $82.44 now today. It is currently trading at $82.35

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