BAVARIA FIRST INVESTMENT

BRENT OIL

2010-04-12,

2010-04-12


Brent oil

This week is expected that correction flat movement shall be prolonged and resistance around $90 may still won't be tested. Moreover in case strong defense around $86.30 We may be witnesses of decisive slides toward $81.50 at least. The most reasonable recommendation seems to be the bearish one, especially when the low oil consumption is perceived this week. So any ups toward $86 shall be used as an opportunity for selling with a daily targets around $84.60 and then one dollar lower.

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