Forecast for 22nd January 2013 Brent Crude March contract March Brent Crude has made it above 112.00 breaking the 9 month down trend as we look for the next target of 112.47. A push through here then takes us to 112.90 on the way to this month’s high at 113.29. 112.00/111.85 is support and we could hold above here today but a break lower then risks a drift lower to 111.40/35. Look for a low for the day if this level is seen to exit any shorts, buy in to small longs and average in to more longs
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Brent Crude, Gasoil ICE, Natural Gas, WTI Light Crude