Brent for November needs to beat 117.03 for a run to 117.38/50 and if we can push through here we can retest the 117.95 highs. A break above this point sets us on a path to the weekly 76.4% Fib level of 118.98.
Support seen at 116.63/46 but below 116.30 could keep the pressure on for 115.81 and a buying opportunity here today. Stops below 115.50 for support at 115.14 and below here 114.48/21 should see a wave of buyers piling in.
(Photo: Reuters / )
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