March Brent Crude beat resistance at 115.13/25 area and shot straight to our next target at 115.91/116.02. We have so far topped at exactly 115.91 but be ready to go with a break above 116.20 today for our next target of 117.02.

Support at 115.24/15 could hold any profit taking but below here look for 114.57/49.






Long term levels

117.95     September 2012 High

113.84     Jan 2013 High

112.22     100 Week Moving Average

111.35     Last Week’s Low

110.89     100 Day Moving Average

108.91     200 Day Moving Average


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