BRENT Crude Technical Snap (Daily) 05.03.19

BRENT Crude Technical Snap (Daily)

Pivot: 65.05

Our preference: long positions above 65.05 with targets at 65.95 & 66.35 in extension.

Alternative scenario: below 65.05 look for further downside with 64.60 & 63.90 as targets.

Comment: a support base at 65.05 has formed and has allowed for a temporary stabilisation.