Daniel_Thompson

Brent (ICE) may rise to 77.70 - 78.15

Long
BLACKBULL:BRENT   Brent Crude Oil
Pivot

76.80

Our preference

Long positions above 76.80 with targets at 77.70 & 78.15 in extension.

Alternative scenario

Below 76.80 look for further downside with 76.45 & 75.95 as targets.

Comment

The RSI calls for a rebound.

Supports and resistances

78.70

78.15

77.70

77.35 Last

76.80

76.45

75.95

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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.