Brent started losing ground when buyers failed to hold onto gains around 79.50. 


Buyers failed to extend recovery as they met a barrier at 1295. 


Technically buyers still lead the way. Sellers closed last week at 111.00 and spent the part of the Asian session over there.


Sellers were able to advance lower and visited the 1.1750 area on Monday. 

Asian markets were mostly higher on Monday, with positive prospects coming from US-China trade talks boosting risk sentiment among investors.

After a rocky start of the year, the dollar has finally started to perform well.

USD dollar closes the week in a strong and stable position.


Over the past three days, the capitalization of the cryptocurrency market has fallen by more than $42 billion: from $412 billion to $369 billion.

Yesterday the continued growth of US bond yields led to mixed sentiment in the stock markets.


Buyers lost steam approaching the 80.50 hurdle.