BRENT Crude Technical Snap 06.11.19

BRENT Crude Technical Snap (Daily)

Pivot: 62.30

Our preference: long positions above 62.30 with targets at 63.05 & 63.45 in extension.

Alternative scenario: below 62.30 look for further downside with 61.85 & 61.30 as targets.

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