BRENT Crude Technical Snap 21.10.19

BRENT Crude Technical Snap (Daily)

Pivot: 59.60

Our preference: short positions below 59.60 with targets at 59.00 & 58.70 in extension.

Alternative scenario: above 59.60 look for further upside with 59.90 & 60.25 as targets.

Comment: as long as the resistance at 59.60 is not surpassed, the risk of the break below 59.00 remains high.