Brent Crude OilShort
Brent (ICE) may fall to 76.40 - 77.10
Pivot
78.70
Our preference
Short positions below 78.70 with targets at 77.10 & 76.40 in extension.
Alternative scenario
Above 78.70 look for further upside with 79.50 & 80.20 as targets.
Comment
The RSI lacks upward momentum.
Supports and resistances
80.20
79.50
78.70
78.10 Last
77.10
76.40
75.80
Number of asterisks represents the strength of support and resistance levels.
78.70
Our preference
Short positions below 78.70 with targets at 77.10 & 76.40 in extension.
Alternative scenario
Above 78.70 look for further upside with 79.50 & 80.20 as targets.
Comment
The RSI lacks upward momentum.
Supports and resistances
80.20
79.50
78.70
78.10 Last
77.10
76.40
75.80
Number of asterisks represents the strength of support and resistance levels.
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