BRENT Crude Technical Snap 10.05.19

BRENT Crude Technical Snap (Daily)

Pivot: 71.20

Our preference: short positions below 71.20 with targets at 69.95 & 69.40 in extension.

Alternative scenario: above 71.20 look for further upside with 71.80 & 72.30 as targets.

Comment: as long as 71.20 is resistance, look for choppy price action with a bearish bias.