BRENT Crude Technical Snap 05.06.19

BRENT Crude Technical Snap (Daily)

Pivot: 61.10

Our preference: long positions above 61.10 with targets at 62.10 & 62.80 in extension.

Alternative scenario: below 61.10 look for further downside with 60.65 & 60.25 as targets.

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