Brent Crude February will need to hold above immediate support at 4825/20 to consolidate gains and go for a retest of yesterday's high at 4921 then target 4960 for an excellent selling opportunity. There is a good chance of a high for the day here, as we become overbought in short-term. Try shorts with a stop above 5000. However be ready to go with a break above using 4960 as support for a move towards 5080 then 5135/45. If we continue higher look for good selling opportunity at 5220/5230 with no further gains expected at this stage.
Failure to hold above immediate support at 4825/20 risks a slide to 4770/65 which could hold the downside. However longs need a stop below 4720 to target the next buying opportunity at 4675. A low for the day could be expected here but longs need a stop below 4635.