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Brent Crude: Daily Forecast

Brent Crude headed lower as expected but broke all our support to bottom at 101.82. Resistance at 102.98 today may hold the topside but above here look for 103.75/80 & a selling opportunity with stops above 104.15. Immediate support at 102.43/34 but any longs need stops below 102.05 for a test of yesterday’s low & support at 101.82/70. A low for the day is possible here again but longs need stops below 101.30 for 100.80 then excellent support at 100.25 & a buying opportunity here this week.

Jason Sen
Daily Technical forecasts US, Europe & Asia
Equity Index, Commodities, Forex & Fixed Income
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