BRENT Crude Technical Snap 17.05.19

BRENT Crude Technical Snap (Daily)

Pivot: 72.35

Our preference: long positions above 72.35 with targets at 73.30 & 73.80 in extension.

Alternative scenario: below 72.35 look for further downside with 71.80 & 71.45 as targets.

Comment: technically the RSI is above its neutrality area at 50.