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. The reaction we expected to come towards the 76.30 - 77.15 area has been completed. We may see a decline after advancing a little further to the 78 level. Support: 76.30 - 72.00 Resistance: 77.15 - 78.10