Brent Crude held 109.20/00 but pushed higher than expected breaking 109.85/95 to reach 110.80. In the February contract look for resistance at 109.50/55 but above here we could reach 110.05/10. Yesterday's high then at 110.30/40 but if we continue higher use 110.65/70 as a selling opportunity with stops above 110.90. A break higher can then target 111.40/45 which should hold the move.
Immediate support is 108.80/75 but a break below 108.55 keeps the market under pressure. A small gap to fill at 108.39 then some support at 108.14/04.