Brent Crude OilShort
Brent (ICE) may fall to 74.45 - 75.10
Daily and weekly charts are also bearish.
Pivot
76.30
Our preference
Short positions below 76.30 with targets at 75.10 & 74.45 in extension.
Alternative scenario
Above 76.30 look for further upside with 76.80 & 77.50 as targets.
Comment
The RSI is bearish and calls for further downside.
Supports and resistances
77.50
76.80
76.30
75.59 Last
75.10
74.45
73.60
Number of asterisks represents the strength of support and resistance levels.
Pivot
76.30
Our preference
Short positions below 76.30 with targets at 75.10 & 74.45 in extension.
Alternative scenario
Above 76.30 look for further upside with 76.80 & 77.50 as targets.
Comment
The RSI is bearish and calls for further downside.
Supports and resistances
77.50
76.80
76.30
75.59 Last
75.10
74.45
73.60
Number of asterisks represents the strength of support and resistance levels.
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