BRENT Crude Technical Snap 04.07.19

BRENT Crude Technical Snap (Daily)

Pivot: 62.90

Our preference: long positions above 62.90 with targets at 64.00 & 64.55 in extension.

Alternative scenario: below 62.90 look for further downside with 62.25 & 61.40 as targets.

Comment: the RSI is below its neutrality area at 50% but reversing up.