BRENT Crude Technical Snap 22.10.19

BRENT Crude Technical Snap (Daily)

Pivot: 59.25

Our preference: short positions below 59.25 with targets at 58.60 & 58.25 in extension.

Alternative scenario: above 59.25 look for further upside with 59.55 & 59.85 as targets.

Comment: the RSI is above its neutrality area at 50% but reversing down.