SINGAPORE: Brent oil may break a resistance at $62.89 per barrel and rise towards $64.51.

The bounce from $60.27 may consist of three waves. So far, only two have unfolded.

The current wave c may travel to $64.51 or a level slightly higher.

Support is at $61.89, a break below which could cause a fall into $60.27-$61.05 range.

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