Brent (ICE) may rise to 78.80 - 79.35
Pivot
77.85
Our preference
Long positions above 77.85 with targets at 78.80 & 79.35 in extension.
Alternative scenario
Below 77.85 look for further downside with 77.05 & 76.40 as targets.
Comment
Intraday technical indicators are mixed.
Supports and resistances
79.90
79.35
78.80
78.09 Last
77.85
77.05
76.40
Number of asterisks represents the strength of support and resistance levels.
77.85
Our preference
Long positions above 77.85 with targets at 78.80 & 79.35 in extension.
Alternative scenario
Below 77.85 look for further downside with 77.05 & 76.40 as targets.
Comment
Intraday technical indicators are mixed.
Supports and resistances
79.90
79.35
78.80
78.09 Last
77.85
77.05
76.40
Number of asterisks represents the strength of support and resistance levels.
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