FXStreet reports that strategists at Credit Suisse suggest that Brent crude oil could surge above the $76.38/77.84 region.

“Brent Crude Oil extends its recovery after its recent successful hold of its key 200-DMA support at $65.78, and our bias remains for this to stay a solid floor.”

“A weekly close above $73.69/85 would see the downtrend from July broken, and recent highs cleared to add weight to our view that a floor is in place for a move back to the top of the range at $76.38/77.84 and higher in due course.”