BRENT

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BRENT

The profit taking seen in oil futures yesterday was met with purchases again after the US Energy Information Administration announced a 2 million barrel decrease in stocks and the weakening dollar following the Fed statement. The course of European and US stock markets and PMI data can be followed during the day. In the upcoming process, pricing outside the 86.00 - 86.50 region and 4-hour closings can clarify the search for direction. The desire for an increase can come to the fore with the course above 86.50 and 4-hour closings. In this case, 87.00 and 87.50 levels can be targeted. In possible declines, the attitude of the 86.00 support can be followed. The breakdown of this support and 4-hour closings in the region can bring the 85.50 and 85.00 levels to our agenda. Support: 86.00 - 85.50 Resistance: 87.00 - 87.50