BRENT

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BRENT

Oil prices recovered yesterday after a limited correction due to concerns about ample supply and climbed above short-term averages. The 200-week average worked well again in the "reaction purchase" idea, and as long as it remains above the 75.50 - 76.00 support, an upward outlook may be at the forefront. In possible increases, 77.00 and 77.50 levels may be targeted. In possible decreases, 75.00 and 74.50 levels may come to the agenda. Support: 75.00 Resistance: 77.50