BRENT Crude Technical Snap 17.12.19

BRENT Crude Technical Snap (Daily)

Pivot: 65.10

Our preference: long positions above 65.10 with targets at 65.65 & 65.80 in extension.

Alternative scenario: below 65.10 look for further downside with 64.85 & 64.50 as targets.

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