Brent

BRENT Oil had gathered strength by rising above the 4-hour averages. We had stated that its target would be around $80 as long as it remained above the average supports. As of today, it approached the region. It rose to the 79.70 band. If the 4-hour structure is maintained, the rise may continue to the $82 level. Support: 77.50 – 76.80 Resistance: 82.00