The Brent Oil Price is now trading above the key support level of 63.13. As long as the price stays above 63.13 on a four hourly basis, the upward movement may gain more momentum and we will watch 64.73 as a resistance level. On the other hand, if the price falls below 63.13, the next support level can be found in 61.69.
Support : 63.13 - 61.69 - 60.54
Resistance : 64.73 - 65.95 - 67.29
05 Dec 19 (Thu)