BRENT Crude Technical Snap 25.10.19

BRENT Crude Technical Snap (Daily)

Pivot: 61.00

Our preference: long positions above 61.00 with targets at 61.65 & 61.90 in extension.

Alternative scenario: below 61.00 look for further downside with 60.65 & 60.25 as targets.

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