Brent Crude: Stable During Trading
Jason Sen | Feb 05, 2014 05:54AM ET
Brent Crude stable as we range trade from January lows at 105.44 up to our first resistance at 106.10/20. A break higher sees 106.55/65 where we should struggle but above is more positive and targets resistance at 106.90/00. If we make it as far as 107.25 use this as a selling opportunity.
Below 106.10/00 sees a retest of 105.44/40 and a low for the day possible again. If however this does not hold the downside we meet Fibonacci support at 105.15/10.
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