BRENT Crude Technical Snap 11.12.19

BRENT Crude Technical Snap (Daily)

Pivot: 63.80

Our preference: long positions above 63.80 with targets at 64.20 & 64.50 in extension.

Alternative scenario: below 63.80 look for further downside with 63.60 & 63.35 as targets.

Comment: the RSI is mixed and calls for caution.