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Brent back above $80 this morning

The price of Brent crude for February delivery fell back yesterday morning and briefly tested and slightly dipped below its 21 day moving average (now at 77.95). However, the sell-off did not last long and Brent lifted back into the European close and later settled only $0.31 lower, at $79.39. It has pressed higher again today though, from an earlier low at $79.35. It has now lifted above $80 once more, reaching $80.30 earlier in the Asian session. The 200 day moving average is in place right now at $80.02 and Brent is currently flipping around that level, just now trading at $80.05. Once again I will be looking to see, if this time it can post a daily and weekly close ahead of the Christmas break, at above this key level. 
 

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