BRENT Crude Technical Snap 11.04.19

BRENT Crude Technical Snap (Daily)

Pivot: 71.10

Our preference: long positions above 71.10 with targets at 71.75 & 72.00 in extension.

Alternative scenario: below 71.10 look for further downside with 70.75 & 70.50 as targets.

Comment: technically the RSI is above its neutrality area at 50.