Brent Oil Recovers


 

Strong rise in US oil inventories released by the Energy Information Administration yesterday caused brent oil to decline a bit. However, rise in natural gas shifted to the oil and the black gold kept its ascending outlook. Technically, we observed reactions at the positive inclined band zone and if it rises above 84.00 resistance, we will follow 84.70 and 85.55 resistance levels. Belos 82.35, on the other side, 81.45 will be on our radar.