BRENT Crude Technical Snap 05.08.19

BRENT Crude Technical Snap (Daily)

Pivot: 61.90

Our preference: short positions below 61.90 with targets at 60.50 & 60.00 in extension.

Alternative scenario: above 61.90 look for further upside with 62.50 & 62.95 as targets.

Comment: the RSI is mixed to bearish.