He Brent fails to recover the 200-session average. Technical Analysis
DOWNWARD GUIDELINES Short termMedium termLong term Crude oil has tried to overcome the resistance of $83, but has not been able to. For the next few sessions we will be very aware of the support at $75.05. Be careful not to leave this price level as we may end up seeing a extension of the falls to the level of 72.30 dollarslows from December last year. The key support could be located a little further down, specifically at $70. Its performance at this price level is vital. If it abandons it, we could end up seeing a collapse to the $60 level. We will not see a sign of strength as long as it remains trading below $88prices very far from the current ones.
