Brent FuturesBrent Last Day Financial FuturesNYMEX_DL:BZ1!TJ-001Brent crude futures continued to rally in February, breaking through the $70 resistance level. The contract may now target last year's high of around $82. The oil price action indicates that we are witnessing a long-term trend reversal, rather than a mere temporary bounce. Consequently, we are shifting our outlook on "black gold" to bullish. Long-term trend: No Resistance level: 82 Support level: 60, 70