BRENT Crude Technical Snap 24.10.19

BRENT Crude Technical Snap (Daily)

Pivot: 60.25

Our preference: long positions above 60.25 with targets at 61.30 & 61.65 in extension.

Alternative scenario: below 60.25 look for further downside with 59.75 & 59.30 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited