BRENT Crude Technical Snap 10.10.19

BRENT Crude Technical Snap (Daily)

Pivot: 58.55

Our preference: short positions below 58.55 with targets at 57.80 & 57.40 in extension.

Alternative scenario: above 58.55 look for further upside with 58.90 & 59.30 as targets.

Comment: as long as the resistance at 58.55 is not surpassed, the risk of the break below 57.80 remains high.