BRENT Crude Technical Snap 06.12.19

BRENT Crude Technical Snap (Daily)

Pivot: 63.00

Our preference: long positions above 63.00 with targets at 63.60 & 63.90 in extension.

Alternative scenario: below 63.00 look for further downside with 62.50 & 62.05 as targets.

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