BRENT Crude Technical Snap 07.10.19

BRENT Crude Technical Snap (Daily)

Pivot: 57.70

Our preference: long positions above 57.70 with targets at 58.50 & 58.90 in extension.

Alternative scenario: below 57.70 look for further downside with 57.20 & 56.70 as targets.

Comment: a support base at 57.70 has formed and has allowed for a temporary stabilisation.