Brent Crude continues to loose support following the "flash crash" on Monday which was triggered by one big sell order and carried forward by algo orders kicking in. During the past month of sideways trading the line in the sand in terms of support has been the 200 day moving average, currently at 111.82 on the first month cont. and as we speak this level has now given way leaving the door open to some additional selling pressure, especially on a potential close below that level tonight. One to watch over the coming hours.