BRENT Crude Technical Snap 02.05.19

BRENT Crude Technical Snap (Daily)

Pivot: 72.35

Our preference: short positions below 72.35 with targets at 71.70 & 71.30 in extension.

Alternative scenario: above 72.35 look for further upside with 72.75 & 73.30 as targets.

Comment: as long as 72.35 is resistance, expect a return to 71.70.