BRENT Crude Technical Snap 05.11.19

BRENT Crude Technical Snap (Daily)

Pivot: 61.60

Our preference: long positions above 61.60 with targets at 62.75 & 63.00 in extension.

Alternative scenario: below 61.60 look for further downside with 61.30 & 60.80 as targets.

Comment: the RSI has just landed on its neutrality area at 50% and is turning up.