BRENT Crude Technical Snap 21.03.19

BRENT Crude Technical Snap (Daily)

Pivot: 67.85

Our preference: long positions above 67.85 with targets at 69.40 & 69.70 in extension.

Alternative scenario: below 67.85 look for further downside with 67.10 & 66.70 as targets.

Comment: the RSI advocates for further upside. The rising 20-period moving average should push the prices higher.