Daniel_Thompson

Brent (ICE) may rise to 80.55 - 81.00

Long
BLACKBULL:BRENT   Brent Crude Oil
Pivot

78.85

Our preference

Long positions above 78.85 with targets at 80.55 & 81.00 in extension.

Alternative scenario

Below 78.85 look for further downside with 78.40 & 77.80 as targets.

Comment

The RSI is around its neutrality area at 50%

Supports and resistances

81.60

81.00

80.55

79.60 Last

78.85

78.40

77.80

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