BRENT Crude Technical Snap 05.02.20

BRENT Crude Technical Snap (Daily)

Pivot: 54.90

Our preference: short positions below 54.90 with targets at 54.00 & 53.70 in extension.

Alternative scenario: above 54.90 look for further upside with 55.30 & 55.65 as targets.

Comment: a break below 54.00 would trigger a drop towards 53.70.