BRENT Crude Technical Snap 16.08.19

BRENT Crude Technical Snap (Daily)

Pivot: 58.00

Our preference: long positions above 58.00 with targets at 59.55 & 60.00 in extension.

Alternative scenario: below 58.00 look for further downside with 57.65 & 57.10 as targets.

Comment: the RSI calls for a rebound.