BRENT Crude Technical Snap 23.08.19

BRENT Crude Technical Snap (Daily)

Pivot: 59.80

Our preference: long positions above 59.80 with targets at 60.40 & 60.65 in extension.

Alternative scenario: below 59.80 look for further downside with 59.45 & 59.00 as targets.

Comment: a support base at 59.80 has formed and has allowed for a temporary stabilisation.