Brent (XBRUSD) Analysis

Brent is trading in a strong uptrend, with price approaching the 1.000 Fibonacci resistance (~120.60) after a sustained bullish move.

The market is currently overextended to the upside, testing key resistance levels, suggesting a possible breakout or pullback scenario.

A break above 120.60 will open the way toward 132.00 (next Fibonacci expansion level);

A rejection from current resistance may trigger a pullback toward 106.00 – 100.00 support zone