BRENT Crude Technical Snap 14.08.19

BRENT Crude Technical Snap Daily

Pivot: 60.10

Our preference: long positions above 60.10 with targets at 61.05 & 61.50 in extension.

Alternative scenario: below 60.10 look for further downside with 59.50 & 58.90 as targets.

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