Rebound Insight
Our Pivot: 78.30
Our Preference: Start buying Brent above 78.88 with strict stop loss of 78.30 and profit target at 79.90 with extension towards 80.60.
Alternate Scenario: Downward penetration of 78.30 will call for 77.50.
NOTE: Brent is being supported by a horizontal supportive region.
Chart with supports & resistances:
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