BRENT Crude Technical Snap 12.04.19

BRENT Crude Technical Snap (Daily)

Pivot: 71.25

Our preference: short positions below 71.25 with targets at 70.80 & 70.60 in extension.

Alternative scenario: above 71.25 look for further upside with 71.50 & 71.75 as targets.

Comment: as long as the resistance at 71.25 is not surpassed, the risk of the break below 70.80 remains high