Brent Crude Oil
Long

Brent (ICE) may rise to 76.90 - 77.50

57
Pivot

75.85

Our preference

Long positions above 75.85 with targets at 76.90 & 77.50 in extension.

Alternative scenario

Below 75.85 look for further downside with 75.35 & 75.00 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

78.20

77.50

76.90

76.54 Last

75.85

75.35

75.00

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

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