While the European Council is expected to reach an agreement on new sanctions proposal against Russia today, supply concerns remain alive in the energy market. On the other hand, there is the support of the news flows that are reflected in the markets regarding that the Organization of Petroleum Exporting Countries (OPEC) will make the biggest production cut since the pandemic at today's meeting. Under this outlook, if brent, which tends to regain its losses with the rising channel movement, recovers above 92.45, then the 94.00 level, which is indicated by the Fibonacci 161.8% expansion line, may come to the fore. Below, the range 89.50 – 87.75 is the power collection zone.

Support: 89.50 – 87.75 – 86.15
Resistance: 92.45 – 94.00 – 95.80