BRENT Crude Technical Snap 12.07.19

BRENT Crude Technical Snap (Daily)

Pivot: 66.45

Our preference: long positions above 66.45 with targets at 67.50 & 68.00 in extension.

Alternative scenario: below 66.45 look for further downside with 66.00 & 65.50 as targets.

Comment: a support base at 66.45 has formed and has allowed for a temporary stabilisation.