BRENT
BRENT Our expectation for an increase of 84.90 - 85.00 in oil has come true. The price is clearly being suppressed by the white 500-period moving average. If this obstacle can be overcome, we can see the continuation of the increase. Roughly settling above $85 would provide this condition for us. The price is still moving above the moving averages. It has a certain upward momentum. Support: 84.30 - 83.80 Resistance: 85.00 - 86.80