BRENT

BRENT Oil continued its sharp decline to the local bottom area. Roughly, the next day's closings below the 72 band will trigger the continuation of the decline. However, directly entering into a sell transaction without seeing weakness in this area carries great risk. It is possible that the reaction towards the 76.30 - 77.15 area will continue. Support: 72 Resistance: 76.30 - 77.15