BRENT Crude Technical Snap 02.09.19

BRENT Crude Technical Snap (Daily)

Pivot: 59.30

Our preference: short positions below 59.30 with targets at 58.50 & 58.10 in extension.

Alternative scenario: above 59.30 look for further upside with 59.70 & 60.30 as targets.

Comment: as long as the resistance at 59.30 is not surpassed, the risk of the break below 58.50 remains high.