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Brent lifts to test key technical level at $75.76
On Thursday the price of Brent crude for April delivery hit a fresh interim low at $74.10. A modest rebound played out on Friday and it did edge above $75 per barrel. Brent later settled off it best levels on the NYMEX exchange, with a gain of $0.37, when ending that session at $74.66. The price action so far today has been much more positive and that has seen Brent lift towards $76. The low seen earlier today was set at $74.51. The high seen so far has recently been set at $75.77 and that is right on a key potential resistance level, at $75.76- the current price point of the 200 day moving average it busted below last week. Brent for April delivery is right now at $75.60
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