Brent Crude OilLong
Brent (ICE) may rise to 81.00 - 81.40
Pivot
79.30
Our preference
Long positions above 79.30 with targets at 81.00 & 81.40 in extension.
Alternative scenario
Below 79.30 look for further downside with 78.60 & 78.00 as targets.
Comment
The break above 79.30 is a positive signal that has opened a path to 81.00.
Supports and resistances
82.10
81.40
81.00
80.19 Last
79.30
78.60
78.00
Number of asterisks represents the strength of support and resistance levels.
79.30
Our preference
Long positions above 79.30 with targets at 81.00 & 81.40 in extension.
Alternative scenario
Below 79.30 look for further downside with 78.60 & 78.00 as targets.
Comment
The break above 79.30 is a positive signal that has opened a path to 81.00.
Supports and resistances
82.10
81.40
81.00
80.19 Last
79.30
78.60
78.00
Number of asterisks represents the strength of support and resistance levels.
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