FXStreet (Mumbai) - Brent prices recovered from Asian session lows and are now trading around USD 29/barrel. Prices are filling the gap created after the futures opened at USD 28.11 compared to Friday’s close of USD 29.22. Oil prices at both the sides of the Atlantic witnessed a gap down opening in early Asia as investors priced-in an increase in Iranian oil supplies after sanction were lifted over the weekend. Brent futures currently trade 0.35% or 10 cents higher on the day at USD 29.15/barrel. Across the pond, WTI futures also trade 0.25% or 7 cents higher at USD 30.54/barrel. Brent oil Technical Levels The immediate resistance is seen at 29.94 (Jan 13 low)-30.00, breach of which could take the futures higher to 32.14 (Jan 7 low). On the other side, support is seen at 28.69 (hourly chart support), under which the pair could revisit 27.69. For more information, read our latest forex news.