Brent Oil May Extend Loss to $102.73
Brent oil’s January contract broke support at $105.45; the report identifies $102.73 as the next support level.
The Brent oil January contract ICEEUR:BRN1! may extend its loss to $102.73 per barrel, as it has broken a support at $105.45.A retracement analysis on the uptrend from $91.19 reveals this support at the 38.2% level. The next support will be at $102.73, a break below which may trigger a further fall…