BRENT

BRENT Oil continued its sharp decline to the local bottom. Roughly, the next day's closings below the 72 band will trigger the continuation of the decline. The reaction we expected to come towards the 76.30 - 77.15 region has been completed. The decline started again before reaching the 78 level and reached our target close to 73.70. If the day's closing comes below, the decline should accelerate. Support: 73.70 - 72.00 Resistance: 76.30 - 77.15