12:17, 14 May
Lower risk appetite leads oil price down. But we see that some recovering from main support level. 29.30 is the key support level for Brent oil in short term. Any down movements can give a buying opportunities. On the other hand 31.00 is the key resistance level for Brent oil.
Resistance levels : 30.70 – 31.00 – 31.30
Support levels : 29.90 – 29.30 – 29.00