BRENT Crude Technical Snap 03.05.19

BRENT Crude Technical Snap (Daily)

Pivot: 71.15

Our preference: short positions below 71.15 with targets at 69.65 & 69.35 in extension.

Alternative scenario: above 71.15 look for further upside with 71.60 & 72.00 as targets.

Comment: the RSI has just struck against its neutrality area at 50% and is reversing down.