BRENT Crude Technical Snap 12.11.19

BRENT Crude Technical Snap (Daily)

Pivot: 61.65

Our preference: short positions below 61.65 with targets at 60.55 & 60.00 in extension.

Alternative scenario: above 61.65 look for further upside with 62.25 & 62.80 as targets.

Comment: as long as the resistance at 61.65 is not surpassed, the risk of the break below 60.55 remains high.