Brent Crude Oil
Long

Brent (ICE) may rise to 78.60 - 79.15

76
Pivot

77.50

Our preference

Long positions above 77.50 with targets at 78.60 & 79.15 in extension.

Alternative scenario

Below 77.50 look for further downside with 77.05 & 76.50 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

79.75

79.15

78.60

78.23 Last

77.50

77.05

76.50

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

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