BRENT Crude Technical Snap 09.08.19

BRENT Crude Technical Snap (Daily)

Pivot: 69.55

Our preference: long positions above 69.55 with targets at 70.10 & 70.70 in extension.

Alternative scenario: below 69.55 look for further downside with 69.15 & 68.80 as targets.

Comment: the RSI is mixed and calls for caution.