Brent Crude OilLong
Brent (ICE) may rise to 81.70 - 82.50
Pivot
80.10
Our preference
Long positions above 80.10 with targets at 81.70 & 82.50 in extension.
Alternative scenario
Below 80.10 look for further downside with 79.60 & 78.80 as targets.
Comment
The RSI is above its neutrality area at 50%.
Supports and resistances
83.20
82.50
81.70
80.97 Last
80.10
79.60
78.80
Number of asterisks represents the strength of support and resistance levels.
80.10
Our preference
Long positions above 80.10 with targets at 81.70 & 82.50 in extension.
Alternative scenario
Below 80.10 look for further downside with 79.60 & 78.80 as targets.
Comment
The RSI is above its neutrality area at 50%.
Supports and resistances
83.20
82.50
81.70
80.97 Last
80.10
79.60
78.80
Number of asterisks represents the strength of support and resistance levels.
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