Brent Crude Oil
Long

Brent (ICE) may rise to 80.20 - 81.30

91
Pivot

78.20

Our preference

Long positions above 78.20 with targets at 80.20 & 81.30 in extension.

Alternative scenario

Below 78.20 look for further downside with 77.60 & 77.10 as targets.

Comment

The next resistances are at 80.20 and then at 81.30.

Supports and resistances

82.40

81.30

80.20

79.29 Last

78.20

77.60

77.10

Number of asterisks represents the strength of support and resistance levels.

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