Brent Crude oil has reached 1.764 projection of the latest correction at 92.81 but can move even higher.
Daily RSI divergence is cancelled after the Indicator has made new high above its peak in August thus indicating likely higher Brent oil prices
There is no resistance until around 98.75. However, corrections should be expected but the uptrend seems strong on both daily and weekly charts.
Weekly RSI has closed back above 60 threshold i.e., showing positive sentiment indicating higher Crude oil levels on the medium-term. For Brent oil to demolish and reverse both the short- and the medium-term bullish trend a close below 81.90 is needed
Going in to Autumn and Winter Brent Crude oil could move as high as to the 105.50 level.
For the better part of 2023 Brent has been trading in a range between 87 and 70 USD. After Brent oil broke above the upper range and strong resistance at around 87.63 it could move to around the 105.50 level which is the 87-70 range shifted upwards as illustrated by the two vertical arrows