Brent Crude OilLong
Brent (ICE) may rise to 79.40 - 79.90
Pivot
78.40
Our preference
Long positions above 78.40 with targets at 79.40 & 79.90 in extension.
Alternative scenario
Below 78.40 look for further downside with 77.70 & 77.10 as targets.
Comment
The RSI calls for a bounce.
Supports and resistances
80.60
79.90
79.40
79.07 Last
78.40
77.70
77.10
Number of asterisks represents the strength of support and resistance levels.
78.40
Our preference
Long positions above 78.40 with targets at 79.40 & 79.90 in extension.
Alternative scenario
Below 78.40 look for further downside with 77.70 & 77.10 as targets.
Comment
The RSI calls for a bounce.
Supports and resistances
80.60
79.90
79.40
79.07 Last
78.40
77.70
77.10
Number of asterisks represents the strength of support and resistance levels.
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