12:16, 12 May
Yesterday oil price had jumped after the some news about Saudi Arabia’s oil production reduce. But this up movements were not be permanent.
32.00 is the key resistance level for Brent oil. We do not expect any strong up momentum until the this level is breaking. Also we follow 29.00 as a main support level.
Resistance levels : 31.00 – 31.60 – 32.00
Support levels : 29.90 – 29.00 – 28.00