BRENT Crude Technical Snap 07.08.19

BRENT Crude Technical Snap (Daily)

Pivot: 59.50

Our preference: short positions below 59.50 with targets at 58.55 & 57.80 in extension.

Alternative scenario: above 59.50 look for further upside with 60.00 & 60.55 as targets.

Comment: as long as the resistance at 59.50 is not surpassed, the risk of the break below 58.55 remains high.