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January Brent rebounds towards $87

Earlier this morning, an update here noted an outlined range for December Brent crude ($83.74 to $87.06) and the current price action stalling ahead of its 21 day moving average, at $87.06. Well, a few moments ago January Brent came close to testing that, when it rose to around $86.90. The price has backed off a bit now, but the move higher in Brent so far today has unfolded as US equity future remain in the red and the stock markets here in Europe have struggled for traction. January Brent is just now trading at $86.80 

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