Daniel_Thompson

Brent (ICE) may fall to 76.40 - 77.10

Short
BLACKBULL:BRENT   Brent Crude Oil
Pivot

78.70

Our preference

Short positions below 78.70 with targets at 77.10 & 76.40 in extension.

Alternative scenario

Above 78.70 look for further upside with 79.50 & 80.20 as targets.

Comment

The RSI lacks upward momentum.

Supports and resistances

80.20

79.50

78.70

78.10 Last

77.10

76.40

75.80

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