I like to step back and look at markets from a longer time frame to determine the direction of the trend. This monthly chart shows that the up trend is still intact having pulled back to test the 6400 level in Aug. This run up has met resistance testing the 8300 level with some selling but price has returned to 8200 with buyers stepping back in. If price fails to break out above this level there is support at 7400 which should see price bounce and move higher to test the next level at 8800. This is a risky trade at these levels not recommended without stringent risk management. ........(Hindsight Ew,yuck)the time to be long Brent was at 5000.