BRENT Crude Technical Snap 16.05.19

BRENT Crude Technical Snap (Daily)

Pivot: 71.45

Our preference: long positions above 71.45 with targets at 72.55 & 73.30 in extension.

Alternative scenario: below 71.45 look for further downside with 71.00 & 70.55 as targets.

Comment: the RSI is bullish and calls for further advance.