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Home » USA Trading Sessions » Brent Oil Technical Levels for USA Trading Sessions 01/04/2016

Brent Oil Technical Levels for USA Trading Sessions 01/04/2016

The Brent Oil currently trades around $39.50; down 1.88% on the day. The immediate support is seen at $39.25 (rising trend line support), under which losses could be extended to $38.92 (23.6% of Jan low-Mar high). On the other hand, a break above $39.80 (5-DMA) above which prices may have a re-look at $40.42 (10-DMA + daily high).

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