BRENT Crude Technical Snap 14.05.19

BRENT Crude Technical Snap (Daily)

Pivot: 70.90

Our preference: short positions below 70.90 with targets at 69.70 & 69.35 in extension.

Alternative scenario: above 70.90 look for further upside with 71.20 & 71.65 as targets.

Comment: as long as the resistance at 70.90 is not surpassed, the risk of the break below 69.70 remains high.