BRENT Crude Technical Snap 08.04.19

BRENT Crude Technical Snap (Daily)

Pivot: 70.00

Our preference: long positions above 70.00 with targets at 71.30 & 71.95 in extension.

Alternative scenario: below 70.00 look for further downside with 69.50 & 69.05 as targets.

Comment: the break above the resistance at 70.00 triggered an upward acceleration to 71.30.