BRENT Crude Technical Snap 15.05.19

BRENT Crude Technical Snap (Daily)

Pivot: 71.50

Our preference: short positions below 71.50 with targets at 70.70 & 70.15 in extension.

Alternative scenario: above 71.50 look for further upside with 72.00 & 72.60 as targets.

Comment: as long as 71.50 is resistance, look for choppy price action with a bearish bias.