BRENT Crude Technical Snap 12.02.20

BRENT Crude Technical Snap (Daily)

Pivot: 54.50

Our preference: long positions above 54.50 with targets at 55.40 & 55.80 in extension.

Alternative scenario: below 54.50 look for further downside with 54.20 & 53.90 as targets.

Comment: the RSI is bullish and calls for further upside.