BRENT Crude Technical Snap 01.08.19

BRENT Crude Technical Snap (Daily)

Pivot: 64.80

Our preference: short positions below 64.80 with targets at 63.90 & 63.35 in extension.

Alternative scenario: above 64.80 look for further upside with 65.25 & 65.75 as targets.

Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.