BRENT

BRENT Oil price lost its gap limit. It had broken below the averages. Our expectation of a downward trend was overwhelming. We stated that it was highly probable that it would fall to the imbalance limit of 77.15 and 76.30 in the short term. Indeed, this downward expectation came true. The price even passed below the zone. Support: 77.15 – 76.30 Resistance: 79.90 – 80.70