BRENT Crude Technical Snap 05.09.19

BRENT Crude Technical Snap (Daily)

Pivot: 60.35

Our preference: long positions above 60.35 with targets at 61.15 & 61.65 in extension.

Alternative scenario: below 60.35 look for further downside with 59.95 & 59.55 as targets.

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