BRENT Crude Technical Snap 18.12.19

BRENT Crude Technical Snap (Daily)

Pivot: 65.50

Our preference: long positions above 65.50 with targets at 66.20 & 66.50 in extension.

Alternative scenario: below 65.50 look for further downside with 65.10 & 64.90 as targets.

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