BRENT Crude Technical Snap 28.08.19

BRENT Crude Technical Snap (Daily)

Pivot: 59.40

Our preference: long positions above 59.40 with targets at 60.40 & 60.85 in extension.

Alternative scenario: below 59.40 look for further downside with 58.95 & 58.60 as targets.

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